STATE OF NEW YORK
________________________________________________________________________
7390
2021-2022 Regular Sessions
IN SENATE
September 20, 2021
___________
Introduced by Sen. HINCHEY -- read twice and ordered printed, and when
printed to be committed to the Committee on Rules
AN ACT to prohibit taxing jurisdictions from assessing late fees, inter-
est or penalties on real property taxes owed by a small rental busi-
ness negatively impacted by the COVID-19 pandemic
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 taxing jurisdiction may opt not to assess any fees, including interest
3 or penalties, for real property taxes owed on property owned by a small
4 rental business during the period commencing with the declaration of the
5 state disaster emergency declared pursuant to Executive Order No. 202 of
6 2020 through August 31, 2022 where such small rental business has been
7 negatively impacted by the COVID-19 pandemic. For the purposes of this
8 act, "small rental business" shall mean a person or business owning and
9 operating five or fewer rental units.
10 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD13059-04-1
