Bill Text: NY S05537 | 2015-2016 | General Assembly | Introduced

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Bill Title: Relates to penalties and interest payments on real property taxes due in towns of Dutchess county when the final payment date falls on a weekend or holiday.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2015-11-20 - SIGNED CHAP.507 [S05537 Detail]

Download: New_York-2015-S05537-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5537
                              2015-2016 Regular Sessions
                                   I N  S E N A T E
                                     May 14, 2015
                                      ___________
       Introduced  by  Sen.  SERINO -- read twice and ordered printed, and when
         printed to be committed to the Committee on Local Government
       AN ACT to amend the real property tax law, in relation to penalties  and
         interest payments in towns of Dutchess county
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Section 1504 of the real property tax law,  as  amended  by
    2  chapter 541 of the laws of 1983, is amended to read as follows:
    3    S  1504.  Penalties and interest payments in towns of Dutchess county.
    4  1. Notwithstanding the provisions of any general or special law  to  the
    5  contrary,  the  following  scale  of  penalties  and  interest is hereby
    6  prescribed for the neglect to pay county or town taxes, special ad valo-
    7  rem levies or special assessments in towns in Dutchess county:  if  paid
    8  on  or  before  the  last  day  of February after the notice required by
    9  section nine hundred twenty of this chapter, there shall be  no  penalty
   10  or  interest; if paid thereafter and on or before the last day of March,
   11  two per centum; if paid thereafter and on or  before  the  last  day  of
   12  April,  three  per  centum; if paid thereafter and on or before the last
   13  day of May, four per centum; if paid thereafter five per centum  and  if
   14  paid  to  the  county  treasurer  at  the rate of interest as determined
   15  pursuant to section nine hundred twenty-four-a of this chapter from June
   16  first to the date of tax sale with expenses of publication  now  allowed
   17  by law, and the form of notice prescribed by section nine hundred twenty
   18  of  this  chapter  shall  be  made  to conform to the provisions of this
   19  section by the collecting officers in Dutchess county.
   20    2. IF THE FINAL DATE FOR COLLECTION OF TAXES, OR FOR THE COLLECTION OF
   21  TAXES WITHOUT PENALTY, OR FOR  THE  COLLECTION  OF  TAXES  AT  A  LESSER
   22  PRESCRIBED  PENALTY  INTEREST  RATE  SHALL FALL ON A SATURDAY, SUNDAY OR
   23  PUBLIC HOLIDAY, AN EXTENSION FOR THE COLLECTION OF TAXES SHALL  AUTOMAT-
   24  ICALLY BE IN EFFECT UNTIL THE FIRST BUSINESS DAY FOLLOWING SUCH DATE AND
   25  THE DATE FOR PAYING OVER TAXES SHALL BE EXTENDED TO THE FOLLOWING DAY.
   26    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD11162-01-5