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.
ResolutionAdoptedCommittee on Financeintroduced 2020-06-25
Adopted by the full Council.
Official record · Legistar
Agenda: 2020-06-25Passed: 2020-06-25
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
100% of similar bills passed
50 passed · 0 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 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 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 0437-2024
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 2025.
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
Res 0661-2023
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 2024.
0dAdopted
+ 44 more comparable bills
Sponsors (1)
Lifecycle
HeardHearing on P-C Item by Comm
2020-06-25 · Committee on Finance
AdvancedP-C Item Approved by Comm
2020-06-25 · Committee on Finance
IntroducedIntroduced by Council
2020-06-25 · City Council
ActionReferred to Comm by Council
2020-06-25 · City Council
AdvancedApproved, by Council
2020-06-25 · City Council
Votes (17)
Aye (15)
Daniel Dromm Adrienne E. AdamsAlicka Ampry-Samuel Diana I. AyalaVanessa L. GibsonMark Gjonaj Barry S. GrodenchikKaren KoslowitzRory I. LancmanFarah N. LouisSteven MatteoFrancisco P. MoyaKeith Powers Helen K. RosenthalJames G. Van Bramer
Absent (2)
Robert E. Cornegy, Jr.Laurie A. Cumbo
Heard at (2)
Committee on Finance · 2020-06-25 · 11:00 AM · - REMOTE HEARING (VIRTUAL ROOM 1) -
City Council · 2020-06-25 · 1:30 PM · - REMOTE HEARING (VIRTUAL ROOM 1) -
Attachments (6)
- Res. No. 1346
- Committee Report
- Hearing Transcript
- June 25, 2020 - Stated Meeting Agenda with Links to Files
- Hearing Transcript - Stated Meeting 6-25-20
- Minutes of the Stated Meeting - June 25, 2020
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 13, 2020, that the discount percentage for early payment of real estate taxes for Fiscal Year 2021 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 2021.
NAB
LS #15,622
6/21/20