Res 1070-2016
Establish that the discount percentage for early payment of real estate taxes be set at one-half of one percent per annum for FY'17.
ResolutionAdoptedCommittee on Financeintroduced 2016-05-25
Adopted by the full Council.
Official record · Legistar
Agenda: 2016-05-25Passed: 2016-05-25
Committee on Finance — Executive Budget review and Budget modification, Banking Commission, Comptroller's Office, Department of Finance, Independent Budget Office, Office of Administrative Tax Appeal, and fiscal policy and revenue from any source.
How it compares
98% of similar bills passed
49 passed · 1 died
This bill: 0 days in committee
Similar bills: median 0 days · 0 days when passed
Compared against 50 Resolution bills in Committee on Finance.
Ranked by how closely each matches this bill's topic — closest first:
Res 0735-2015
Establish that the discount percentage for early payment of real estate taxes be set at 0.5% per annum for FY'16.
0dAdopted
Res 0480-2026
Establish that the discount percentage for early payment of real estate taxes be set at one-half of one percent per annum for Fiscal Year 2027.
0dAdopted
Res 1523-2017
Establish that the discount percentage for early payment of real estate taxes be set at (O.5%) per annum for FY'18.
0dAdopted
Res 1671-2021
Establish that the discount percentage for early payment of real estate taxes be set at one-half of one percent per annum for FY'22.
0dAdopted
Res 0191-2022
Establish that the discount percentage for early payment of real estate taxes be set at one-half of one percent per annum for Fiscal Year 2023.
0dAdopted
Res 0876-2025
Establish that the discount percentage for early payment of real estate taxes be set at one-half of one percent per annum for FY'26.
0dAdopted
+ 44 more comparable bills
Sponsors (1)
Lifecycle
HeardHearing on P-C Item by Comm
2016-05-25 · Committee on Finance
AdvancedP-C Item Approved by Comm
2016-05-25 · Committee on Finance
IntroducedIntroduced by Council
2016-05-25 · City Council
ActionReferred to Comm by Council
2016-05-25 · City Council
AdvancedApproved, by Council
2016-05-25 · City Council
Votes (11)
Aye (11)
Julissa Ferreras-CopelandYdanis A. RodriguezJames G. Van BramerVanessa L. GibsonRobert E. Cornegy, Jr.Laurie A. CumboCorey D. JohnsonMark LevineI. Daneek MillerHelen K. RosenthalSteven Matteo
Heard at (2)
City Council · 2016-05-25 · 1:30 PM · Council Chambers - City Hall
Committee on Finance · 2016-05-25 · 10:00 AM · Committee Room - City Hall
Attachments (6)
- New York City Banking Commission Letter
- Committee Report
- Hearing Transcript
- May 25, 2016 - Stated Meeting Agenda with Links to Files
- Hearing Transcript - Stated Meeting 5-25-16
- Minutes of the Stated Meeting - May 25, 2016
Full text
By Council Member Ferreras-Copeland
Whereas, Pursuant to section 1519-a(7)(b) of the New York City charter, the Banking Commission is required to recommend to the City Council, not later than the 13th day of May, the proposed discount percentage allowed for early payment of real estate taxes; and
Whereas, Section 1519-a(7)(c) of the New York City charter provides that the Council may adopt a discount percentage for early payment of real estate taxes no earlier than the 14th day of May; and
Whereas, The Banking Commission forwarded its recommendation to the Council, by letter dated May 11, 2016, that the discount percentage for early payment of real estate taxes for Fiscal Year 2017 be set at one-half of one percent per annum; now, therefore, be it
Resolved, That the Council of the City of New York establishes that the discount percentage for early payment of real estate taxes be set at one-half of one percent per annum for Fiscal Year 2017.
RC LS#8180
5/19/16