Bill > S00741

This bill clarifies disclosure requirements for real property and school district tax payments in installments by amending several sections of the real property tax law. Specifically, the bill requires tax statements to clearly disclose the due dates for installment payments without interest or penalties, removing previous language that referenced an owner's election to pay in installments. The bill modifies sections related to tax statements for different types of property tax collections, ensuring consistent language across these sections. Additionally, the bill changes the effective date from immediate implementation to taking effect 120 days after becoming law, with a specific provision that sections one through 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. The purpose appears to be to standardize and improve transparency in how tax installment payment information is communicated to property owners, making sure they are clearly informed about when payments are due without incurring additional charges.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S741