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Speaker Carl E. Heastie
 
     
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A03037 Summary:

BILL NOA03037
 
SAME ASNo Same As
 
SPONSORDilan
 
COSPNSR
 
MLTSPNSR
 
 
Places a moratorium on tax lien sales in a city with a population of one million or more due to the financial hardships placed on property owners as a result of the COVID-19 pandemic.
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A03037 Text:




 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          3037
 
                               2025-2026 Regular Sessions
 
                   IN ASSEMBLY
 
                                    January 23, 2025
                                       ___________
 
        Introduced  by M. of A. DILAN -- read once and referred to the Committee
          on Real Property Taxation
 
        AN ACT in relation to placing a moratorium on tax lien sales in  a  city
          with a population of one million  or more
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Notwithstanding any provision of law  to  the  contrary,  a
     2  city  with  a population of one million or more shall place a moratorium
     3  on tax lien sales until April 1, 2026 due  to  the  financial  hardships
     4  placed on property owners as a result of the COVID-19 pandemic.
     5    § 2. This act shall take effect immediately.
 
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD06384-01-5
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