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Int 2483-2021

Imposition of interest for the nonpayment of taxes on certain real property for the duration of the COVID-19 disaster emergency declared by the state.

IntroductionFiledCommittee on Financeintroduced 2021-12-15

Filed — closed without being enacted.

Official record · Legistar

Agenda: 2021-12-15Passed: 2021-12-31

Summary

This bill would eliminate interest on unpaid property taxes due and payable on or after March 7, 2020 through to the through to the end of the first month that commences after the expiration of the State’s COVID-19 disaster emergency for real property with an annual tax bill of $100,000 or less.

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

70% of similar bills passed

35 passed · 15 died

This bill: 15 days in committee

Similar bills: median 30 days · 14 days when passed

Compared against 50 Introduction bills in Committee on Finance.

Ranked by how closely each matches this bill's topic — closest first:

Int 1974-2020
Deferral of property tax liability on real property with an assessed value of two hundred fifty thousand dollars or less owned by certain property owners impacted by COVID-19.
6dEnacted
Int 2007-2020
Temporary suspension of the commercial rent tax during the COVID-19 emergency for premises with a base rent of less than one million dollars.
520dFiled
Int 2350-2021
Authorize adoption by resolution of an interest rate for nonpayment of taxes on real property with an assessed value of two-hundred and fifty thousand dollars or less in FY'22 for property owners adversely affected by COVID-19.
12dEnacted
Int 2031-2020
Authorize the expansion of the interest rate relief.
490dFiled
Int 1964-2020
Authorize adoption by resolution of an interest rate for nonpayment of taxes on real property with an assessed value over two hundred fifty thousand dollars in FY'21 for certain property owners adversely affected by COVID-19.
6dEnacted
Int 2331-2021
Authorize adoption by resolution of an interest rate for nonpayment of taxes on real property with an assessed value over two hundred fifty thousand dollars in FY'22 for certain property owners adversely affected by COVID-19.
12dEnacted

+ 44 more comparable bills

Sponsors (1)

Kalman Yeger (prime)

Lifecycle

IntroducedIntroduced by Council
2021-12-15 · City Council
ActionReferred to Comm by Council
2021-12-15 · City Council
ClosedFiled (End of Session)
2021-12-31 · City Council

Heard at (1)

City Council · 2021-12-15 · 12:30 PM · HYBRID HEARING - Council Chambers - City Hall

Attachments (5)

Full text
Be it enacted by the Council as follows: Section 1. Section 11-224.1 of the administrative code of the city of New York is amended by adding a new subdivision h to read as follows: h. Notwithstanding any inconsistent provision of law or rule, beginning on March seventh, two thousand twenty and ending on the last day of the first month that commences after the expiration of the state disaster emergency declared by the governor in executive order number 202 issued on March 7, 2020 and extended thereafter, no interest shall be imposed on an unpaid installment of tax due and payable provided that the amount of tax owed on the subject property for the applicable tax year does not exceed one hundred thousand dollars. � 2. This local law takes effect immediately and is retroactive to and deemed to have been in effect as of March 7, 2020. NB LS #15018 08/06/2020 8:25pm