Bill > S08201

This bill extends the effectiveness of a 2016 law that allows the village of Plandome Manor to sell delinquent tax liens or use them as collateral for a loan. Specifically, the bill amends the original legislation by changing the expiration date from December 31, 2025, to December 31, 2028. A tax lien is a legal claim against a property for unpaid property taxes, which allows the local government to potentially sell the lien to a private party or use it as collateral to recover the owed taxes. By extending the sunset date, the village will continue to have the authority to manage its delinquent tax liens through these financial mechanisms for an additional three years. The bill takes effect immediately upon passage, providing the village with continued flexibility in managing its tax collection strategies.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S8201