Requires a collecting officer of taxes to accept payments of tax, including any interest due thereon, rounded to the nearest five cent denomination for taxpayers seeking to pay therefor with legal tender.
STATE OF NEW YORK
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10207
IN ASSEMBLY
February 12, 2026
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Introduced by M. of A. KAY -- read once and referred to the Committee on
Real Property Taxation
AN ACT to amend the real property tax law, in relation to requiring a
collecting officer of taxes to accept payments of tax, including any
interest due thereon, rounded to the nearest five cent denomination
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 924 of the real property tax law is amended by
2 adding a new subdivision 4 to read as follows:
3 4. (a) Notwithstanding any provision of law to the contrary, the
4 collecting officer shall accept as payment of taxes and interest pursu-
5 ant to this section an amount that is rounded up or down to the nearest
6 five cents as follows:
7 (i) Where the amount of tax, including any interest due thereon, ends
8 in one cent, two cents, six cents, or seven cents, such amount shall be
9 rounded down to the nearest amount divisible by five for taxpayers seek-
10 ing to pay therefor with legal tender.
11 (ii) Where the amount of tax, including any interest due thereon, ends
12 in three cents, four cents, eight cents, or nine cents such amount shall
13 be rounded up to the nearest amount divisible by five for taxpayers
14 seeking to pay therefor with legal tender.
15 (b) As used in this subdivision, the term "legal tender" shall mean
16 all coins and currencies of the United States.
17 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD14550-01-6
