Bill Text: NY A08368 | 2021-2022 | General Assembly | Introduced
Bill Title: Authorizes taxing jurisdictions to opt not to assess late fees, interest or penalties on real property taxes owed by a small rental business negatively impacted by the COVID-19 pandemic.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2022-01-05 - referred to real property taxation [A08368 Detail]
Download: New_York-2021-A08368-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 8368 2021-2022 Regular Sessions IN ASSEMBLY October 20, 2021 ___________ Introduced by M. of A. SANTABARBARA -- read once and referred to the Committee on Real Property Taxation AN ACT to prohibit taxing jurisdictions from assessing late fees, inter- est or penalties on real property taxes owed by a small rental busi- ness negatively impacted by the COVID-19 pandemic The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Notwithstanding any provision of law to the contrary, a 2 taxing jurisdiction may opt not to assess any fees, including interest 3 or penalties, for real property taxes owed on property owned by a small 4 rental business during the period commencing with the declaration of the 5 state disaster emergency declared pursuant to Executive Order No. 202 of 6 2020 through August 31, 2022 where such small rental business has been 7 negatively impacted by the COVID-19 pandemic. For the purposes of this 8 act, "small rental business" shall mean a person or business owning and 9 operating five or fewer rental units. 10 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD13059-04-1
