Res 0359-2018
Establish that the discount percentage for early payment of real estate taxes be set at one-half of one percent per annum for FY'19.
ResolutionAdoptedCommittee on Financeintroduced 2018-05-23
Adopted by the full Council.
Official record · Legistar
Agenda: 2018-05-23Passed: 2018-05-23
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
96% of similar bills passed
48 passed · 2 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 0891-2019
Establish that the discount percentage for early payment of real estate taxes be set at one-half of one percent per annum for FY'20.
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 1346-2020
Establish that the discount percentage for early payment of real estate taxes be set at one-half of one percent per annum for FY'21.
0dAdopted
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.
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 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.
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Sponsors (1)
Lifecycle
HeardHearing on P-C Item by Comm
2018-05-23 · Committee on Finance
AdvancedP-C Item Approved by Comm
2018-05-23 · Committee on Finance
IntroducedIntroduced by Council
2018-05-23 · City Council
ActionReferred to Comm by Council
2018-05-23 · City Council
AdvancedApproved, by Council
2018-05-23 · City Council
Votes (13)
Aye (10)
Daniel Dromm Adrienne E. AdamsAndrew CohenLaurie A. CumboVanessa L. GibsonBarry S. GrodenchikSteven MatteoFrancisco P. MoyaKeith Powers Helen K. Rosenthal
Absent (3)
Robert E. Cornegy, Jr.Rory I. LancmanJames G. Van Bramer
Heard at (2)
City Council · 2018-05-23 · 1:30 PM · Council Chambers - City Hall
Committee on Finance · 2018-05-23 · 9:30 AM · Committee Room - City Hall
Attachments (7)
- Res. No. 359
- New York City Banking Commission Letter
- Committee Report
- Hearing Transcript 5/23/18
- May 23, 2018 - Stated Meeting Agenda with Links to Files
- Hearing Transcript - Stated Meeting 5-23-18
- Minutes of the Stated Meeting - May 23, 2018
Full text
By Council Member Dromm
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, 2018, that the discount percentage for early payment of real estate taxes for Fiscal Year 2019 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 2019.
RKC LS#7066
5/18/18