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.
ResolutionAdoptedCommittee on Financeintroduced 2023-06-08
Adopted by the full Council.
Official record · Legistar
Agenda: 2023-06-08Passed: 2023-06-08
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 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 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 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 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 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 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
+ 44 more comparable bills
Sponsors (2)
Lifecycle
HeardHearing on P-C Item by Comm
2023-06-08 · Committee on Finance
AdvancedP-C Item Approved by Comm
2023-06-08 · Committee on Finance
IntroducedIntroduced by Council
2023-06-08 · City Council
ActionReferred to Comm by Council
2023-06-08 · City Council
AdvancedApproved, by Council
2023-06-08 · City Council
Votes (18)
Aye (17)
Justin L. BrannanDiana I. AyalaCharles BarronGale A. BrewerSelvena N. Brooks-PowersDavid M. CarrAmanda C. FaríasKamillah HanksCrystal HudsonFarah N. LouisFrancisco P. MoyaChi A. OsséKeith Powers Pierina Ana SanchezAlthea V. StevensMarjorie VelázquezNantasha M. Williams
Absent (1)
Julie Won
Heard at (2)
City Council · 2023-06-08 · 12:00 PM · Council Chambers - City Hall
Committee on Finance · 2023-06-08 · 11:00 AM · Committee Room - City Hall
Attachments (7)
- New York City Banking Commission Letter
- Res. No. 661
- Committee Report
- Hearing Transcript
- June 8, 2023 - Stated Meeting Agenda
- Hearing Transcript - Stated Meeting 6-8-23
- Minutes of the Stated Meeting - June 8, 2023
Full text
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 12, 2023, that the discount percentage for early payment of real estate taxes for Fiscal Year 2024 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 2024.
MJT
6/2/23; 12:42 p.m.