S 3181: Authorizes the commissioner of finance of the city of New York to establish a property tax amnesty program; provides that such program shall last for 4 months and shall forgive up to $1000 of interest on a delinquent tax bill if 100 percent of the principal bill is paid.
The city of New York will establish a property tax amnesty program to help property owners pay off delinquent property taxes. The program will last for four months and offers three different forgiveness options based on the amount paid towards the principal bill. Property owners with delinquent balances over $1,000 can participate in the program to forgive 100%, 75%, or 50% of the interest on their tax balance if they pay 100%, 50%, or 25% of the principal bill, respectively. Property owners with balances under $1,000 can also participate to forgive 100% of the interest if they pay the full principal bill. After participating in the program, property owners with remaining balances will enter into a payment agreement with the city. The program will take effect immediately and will expire one year after the start date.
| May. 27, 2025 | RECOMMIT, ENACTING CLAUSE STRICKEN |
| Mar. 11, 2025 | REPORTED AND COMMITTED TO FINANCE |
| Jan. 24, 2025 | REFERRED TO CITIES 1 |
STATE OF NEW YORK ________________________________________________________________________ 3181 2025-2026 Regular Sessions IN SENATE January 24, 2025 ___________ Introduced by Sen. FELDER -- read twice and ordered printed, and when printed to be committed to the Committee on Cities 1 AN ACT authorizing the commissioner of finance of the city of New York to establish a property tax amnesty program; and providing for the repeal of such provisions upon expiration thereof The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Notwithstanding any provision of law to the contrary, the 2 commissioner of finance of the city of New York shall establish an 3 amnesty program for any property owner who has a delinquent property tax 4 balance of more than $1,000 for more than one year. Such amnesty program 5 shall last for a period of 4 months and shall: 6 1. Forgive 100 percent of the interest on such delinquent property tax 7 balance, if 100 percent of the principal bill is paid; 8 2. Forgive 75 percent of the interest on such delinquent property tax 9 balance, if 50 percent of the principal bill is paid; and 10 3. Forgive 50 percent of the interest on such delinquent property tax 11 balance, if 25 percent of the principal bill is paid. 12 Any property owner with a delinquent property tax balance of less than 13 $1,000 shall be eligible for forgiveness of 100 percent of the interest 14 on such delinquent property tax balance if 100 percent of the principal 15 bill is paid. Any property owner with a remaining delinquent property 16 tax balance after participation in the program shall enter into a 17 payment agreement with the commissioner of finance. 18 § 2. This act shall take effect immediately and shall expire and be 19 deemed repealed one year after such date. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD05536-01-5