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Int 0783-2024

Public recording of tax liens.

IntroductionFiledCommittee on Financeintroduced 2024-04-11

Filed — closed without being enacted.

Official record · Legistar

Agenda: 2024-04-11Passed: 2025-12-31

Summary

This bill would amend existing law to require the Department of Finance to record tax liens on property in the city in the ACRIS database once the lawful debt on such property exceeds $5,000 past due for a period of three or more years.

Committee on FinanceExecutive 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

54% of similar bills passed

27 passed · 23 died

This bill: 628 days in committee

Similar bills: median 205 days · 69 days when passed

Sponsors (21)

Lifecycle

IntroducedIntroduced by Council
2024-04-11 · City Council
ActionReferred to Comm by Council
2024-04-11 · City Council
HeardHearing Held by Committee
2025-01-14 · Committee on Finance
HeldLaid Over by Committee
2025-01-14 · Committee on Finance
ClosedFiled (End of Session)
2025-12-31 · City Council

Heard at (2)

Committee on Finance · 2025-01-14 · 10:00 AM · Committee Room - City Hall
City Council · 2024-04-11 · 1:30 PM · Council Chambers - City Hall

Attachments (10)

Full text
Be it enacted by the Council as follows: Section 1. Subdivision a of section 11-320 of the administrative code of the city of New York is amended to add a new paragraph 3 to read as follows: 3. The commissioner of finance shall record in the Automated City Register Information System database, or successor database, the tax lien on property in the city according to its borough, block, and lot identifier, once the lawful debt on the property exceeds five thousand dollars past due for a period of more than three years. Any failure to comply with this paragraph shall not affect the validity of any sale of tax liens pursuant to this chapter. � 2. This local law takes effect immediately. MJT LS #12139 9/6/23 10:39 A.M. 1 1