Bill Text: NY S05845 | 2015-2016 | General Assembly | Introduced

New York Senate Bill 5845 (Prior Session Legislation)

Introduced

Bill Title: Relates to the redemption of real property subject to a delinquent tax lien.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Engrossed - Dead) 2016-03-16 - referred to real property taxation [S05845 Detail]

Download: New_York-2015-S05845-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5845
                              2015-2016 Regular Sessions
                                   I N  S E N A T E
                                     June 8, 2015
                                      ___________
       Introduced by Sen. MARCHIONE -- read twice and ordered printed, and when
         printed to be committed to the Committee on Rules
       AN ACT to amend the real property tax law, in relation to the redemption
         of real property subject to a delinquent tax lien
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Section 1120 of the real property tax  law  is  amended  by
    2  adding a new subdivision 2-a to read as follows:
    3    2-A.  FOR  REAL PROPERTY THAT HAS BEEN CERTIFIED ABANDONED PURSUANT TO
    4  SECTION NINETEEN HUNDRED SEVENTY-ONE OF THE REAL  PROPERTY  ACTIONS  AND
    5  PROCEEDINGS  LAW, THE REDEMPTION PERIOD SHALL EXPIRE ONE YEAR AFTER LIEN
    6  DATE.  NOTWITHSTANDING THE FOREGOING, IF THE NOTICE  PUBLISHED  PURSUANT
    7  TO  SECTION  ELEVEN  HUNDRED TWENTY-FOUR OF THIS TITLE SPECIFIES A LATER
    8  DATE FOR THE EXPIRATION OF THE REDEMPTION PERIOD, THE REDEMPTION  PERIOD
    9  SHALL EXPIRE ON THE DATE SO SPECIFIED.
   10    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD10918-01-5