S06222 Summary:

BILL NOS06222A
 
SAME ASSAME AS A01901
 
SPONSORREICHLIN-MELNICK
 
COSPNSRBORRELLO, BROOKS
 
MLTSPNSR
 
Amd §726, RPT L
 
Provides respondents the option to repay a court ordered refund in installments of no more than five years.
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S06222 Actions:

BILL NOS06222A
 
04/15/2021REFERRED TO LOCAL GOVERNMENT
05/03/2021AMEND (T) AND RECOMMIT TO LOCAL GOVERNMENT
05/03/2021PRINT NUMBER 6222A
01/05/2022REFERRED TO LOCAL GOVERNMENT
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S06222 Committee Votes:

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S06222 Floor Votes:

There are no votes for this bill in this legislative session.
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S06222 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         6222--A
 
                               2021-2022 Regular Sessions
 
                    IN SENATE
 
                                     April 15, 2021
                                       ___________
 
        Introduced  by  Sen. REICHLIN-MELNICK -- read twice and ordered printed,
          and when printed to be committed to the Committee on Local  Government
          --  committee  discharged,  bill amended, ordered reprinted as amended
          and recommitted to said committee
 
        AN ACT to amend the real property tax  law,  in  relation  to  providing
          respondents the option to repay a court ordered refund in installments
          of no more than five years
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1.  Paragraph (a) of subdivision 5 of section 726 of the  real
     2  property  tax  law,  as  added  by  chapter  503 of the laws of 1996, is
     3  amended to read as follows:
     4    (a) If the [parties have so agreed] respondent requests, a final order
     5  [may] shall provide that a refund which  is  payable  pursuant  to  this
     6  section  shall  be  paid in installments over a specified period, not to
     7  exceed five years. [The order may further provide, if the  parties  have
     8  so agreed, that interest shall be paid on such installments, at the rate
     9  provided  by this section.] Each such installment shall be audited, paid
    10  and charged back in the manner provided by this section.
    11    § 2. This act shall take effect on the first of January next  succeed-
    12  ing the date upon which it shall become a law.
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08223-02-1
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