Bill Text: NY A06719 | 2011-2012 | General Assembly | Introduced

---

Bill Title: Relates to payments of taxes in installments in certain school districts.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2011-06-01 - substituted by s3110 [A06719 Detail]

Download: New_York-2011-A06719-Introduced.html

---

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         6719
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                    March 25, 2011
                                      ___________
       Introduced  by  M.  of  A.  MAGNARELLI  -- read once and referred to the
         Committee on Real Property Taxation
       AN ACT to amend the real property tax law, in relation  to  payments  of
         taxes in installments in certain school districts
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Subdivision 1 of section 1326-a of the  real  property  tax
    2  law,  as  amended by chapter 665 of the laws of 1997, is amended to read
    3  as follows:
    4    1. Notwithstanding any provisions of this chapter or any other general
    5  or special law to the contrary, a school  district  may,  by  resolution
    6  adopted  by  a  two-thirds  vote prior to the levy of taxes in any year,
    7  [provided] PROVIDE that thereafter and until such resolution is rescind-
    8  ed, every tax in excess of fifty dollars levied by the board pursuant to
    9  law may be paid in three installments, the first of which  shall  be  at
   10  least fifty percent of the total tax due, OR SUCH OTHER AMOUNT AS MAY BE
   11  PRESCRIBED BY SUCH RESOLUTION, and shall be paid not later than the last
   12  day  of the one month collection period prescribed by subdivision one of
   13  section thirteen hundred twenty-two or section thirteen hundred  twenty-
   14  four  of this article and, provided the first installment has been paid,
   15  the second shall be at least fifty percent of  the  remainder,  OR  SUCH
   16  OTHER  AMOUNT  AS MAY BE PRESCRIBED BY SUCH RESOLUTION, plus interest at
   17  the rate as determined pursuant to section nine hundred twenty-four-a of
   18  this chapter, and shall be paid on or before the date specified  in  the
   19  resolution  for the second payment, and the third shall be the remainder
   20  plus interest at the rate determined pursuant to  section  nine  hundred
   21  twenty-four-a  of  this  chapter and shall be paid on or before the date
   22  specified in the resolution for the expiration of the warrant.
   23    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD03777-01-1