Bill Text: NY A05404 | 2015-2016 | General Assembly | Introduced

---

Bill Title: Provides that the department of taxation and finance shall withdraw from county records a tax lien for which the tax debt has been paid in full and satisfied.

Spectrum: Partisan Bill (Democrat 2-0)

Status: (Engrossed - Dead) 2016-05-18 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [A05404 Detail]

Download: New_York-2015-A05404-Introduced.html

---

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5404
                              2015-2016 Regular Sessions
                                 I N  A S S E M B L Y
                                   February 20, 2015
                                      ___________
       Introduced by M. of A. ABINANTI -- read once and referred to the Commit-
         tee on Ways and Means
       AN  ACT to amend the tax law, in relation to the withdrawal of tax liens
         upon payment of taxes due
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Section  692  of  the  tax law is amended by adding a new
    2  subsection (j) to read as follows:
    3    (J) WITHDRAWAL OF LIEN.--THE DEPARTMENT,  UPON  PAYMENT  IN  FULL  AND
    4  SATISFACTION  BY  A  TAXPAYER OF A TAX DEBT FOR WHICH A WARRANT HAS BEEN
    5  FILED AND A LIEN ON PROPERTY HAS BEEN CREATED PURSUANT TO THIS  SECTION,
    6  SHALL,  WITHDRAW SUCH WARRANT AND LIEN FROM THE RECORDS OF THE COUNTY IN
    7  WHICH SUCH WARRANT WAS FILED AND LIEN WAS CREATED. WITHIN FIVE  BUSINESS
    8  DAYS  OF SUCH WITHDRAWAL, THE DEPARTMENT SHALL SEND WRITTEN NOTIFICATION
    9  TO SUCH TAXPAYER THAT SUCH WARRANT AND LIEN HAVE BEEN WITHDRAWN AND THAT
   10  SUCH TAXPAYER MAY CONTACT CREDIT REPORTING AGENCIES AND NOTIFY THEM THAT
   11  SUCH TAX DEBT HAS BEEN PAID IN FULL AND SATISFIED AND THAT SUCH  WARRANT
   12  AND LIEN HAVE BEEN WITHDRAWN.
   13    S  2.  This  act  shall take effect on the sixtieth day after it shall
   14  have become a law.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD07001-01-5