Bill Text: NY A02829 | 2023-2024 | General Assembly | Introduced
Bill Title: Provides respondents the option to repay a court ordered refund in installments of no more than five years.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced) 2024-01-03 - referred to real property taxation [A02829 Detail]
Download: New_York-2023-A02829-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 2829 2023-2024 Regular Sessions IN ASSEMBLY January 27, 2023 ___________ Introduced by M. of A. ZEBROWSKI -- Multi-Sponsored by -- M. of A. COOK -- read once and referred to the Committee on Real Property Taxation AN ACT to amend the real property tax law, in relation to providing respondents the option to repay a court ordered refund in installments of no more than five years The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph (a) of subdivision 5 of section 726 of the real 2 property tax law, as added by chapter 503 of the laws of 1996, is 3 amended to read as follows: 4 (a) If the [parties have so agreed] respondent requests, a final order 5 [may] shall provide that a refund which is payable pursuant to this 6 section shall be paid in installments over a specified period, not to 7 exceed five years. [The order may further provide, if the parties have8so agreed, that interest shall be paid on such installments, at the rate9provided by this section.] Each such installment shall be audited, paid 10 and charged back in the manner provided by this section. 11 § 2. This act shall take effect on the first of January next succeed- 12 ing the date upon which it shall become a law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD06864-01-3
