Assembly BillIntroduced
A 1110: Provides for interest to accrue on missed installment payments beginning from the due date of such missed installment payment.
What A 1110 does, verified January 11, 2026
The bill aims to change the way interest is calculated on missed installment payments for property taxes in New York State. Currently, interest starts accruing from the original due date of the missed payment. The bill proposes that interest should only begin to accrue from the due date of the missed payment, not from the original due date. This change would result in a more accurate calculation of interest and potentially reduce the amount of interest owed by property owners. The bill would take effect immediately, with the new rule applying to all missed installment payments.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: referred to real property taxation (2026-01-07)Alert me
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| Jan. 07, 2026 | referred to real property taxation |
| Jan. 09, 2025 | referred to real property taxation |
Latest bill textIntroduced version, January 9, 2025 · 231 words
STATE OF NEW YORK ________________________________________________________________________ 1110 2025-2026 Regular Sessions IN ASSEMBLY January 9, 2025 ___________ Introduced by M. of A. PAULIN -- read once and referred to the Committee on Real Property Taxation AN ACT to amend the real property tax law, in relation to providing for interest to accrue on missed installment payments beginning from the due date of such missed installment payment The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 924-a of the real property tax law is amended by 2 adding a new subdivision 4 to read as follows: 3 4. Notwithstanding any provisions of this chapter, or any other gener- 4 al, special or local law to the contrary, in any case where an owner of 5 real property has elected to pay taxes in installments, if any such 6 installment is not paid on or before the date when due, additional 7 interest shall only begin to accrue from the due date of such missed 8 installment payment at the rate as determined pursuant to this section, 9 or such other law as may locally be applicable. 10 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD01408-01-5
Text of A 1110 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions