Bill > A00415

This bill clarifies and amends provisions related to the disclosure of tax installment payment details in real property and school district tax statements. Specifically, the bill modifies existing language in the Real Property Tax Law to require that tax statements must clearly disclose the due dates for tax installments without interest or penalties, regardless of whether the taxpayer has elected to pay in installments. The bill removes previous language that referenced the owner's election to pay in installments and instead mandates that the statements provide clear information about installment payment schedules. The bill also changes the effective date of the law, delaying implementation until the one hundred twentieth day after it becomes law, with a specific provision that sections one, two, and three will take effect on the same date as a related chapter of laws proposed in legislative bills S. 3604-A and A. 7813-A. This modification aims to provide greater transparency and clarity for property owners regarding their tax payment options and schedules.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A415