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A3881Assembly2019-2020 Session

Allow Refund Installment Payments

Official title

“Provides respondents the option to repay a court ordered refund in installments of no more than five years”

Sponsor Kenneth ZebrowskiAD-96+5 co-sponsorsAffects Housing
Status
In Assembly Committee
Real Property Taxation
Impact
4/10
Low
Passage
0%

Bill progress

Step 2 of 7

In committee · Real Property Taxation

What's happening

This bill allows respondents to request paying court-ordered real property tax refunds in installments over up to five years.

Why it matters

  1. Gives respondents (often local governments or taxing authorities) the unilateral right to request installment payments. for court-ordered real property tax refunds, rather than requiring both parties to agree—potentially making it easier for governments to manage large, unexpected refund liabilities.

  2. Mandates that courts grant the installment option if requested by the respondent. , reducing the discretion of judges and removing negotiation leverage from property owners who win tax challenges.

  3. Could delay full repayment to property owners owed refunds for up to five years. , affecting their cash flow and potentially making it less attractive to challenge incorrect property tax assessments.

  4. Removes the requirement for both parties to agree to interest on installments. , which could mean property owners might not automatically receive interest on delayed payments, impacting the total value of their refund.

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Who cares

Headline styles

Allow Refund Installment Payments

Plain English, a few words. Used as the page title.

Sponsors

Primary sponsor
Kenneth Zebrowski

Assembly Member · Assembly District 96

1 Multi-sponsor

History

  1. Referred to real property taxation
  2. Referred to real property taxation

Full text

1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗

STATE OF NEW YORK

3881

2019-2020 Regular Sessions

IN ASSEMBLY

January 31, 2019

Introduced by M. of A. ZEBROWSKI, GALEF, D'URSO, JAFFEE, GUNTHER, RAIA -- Multi-Sponsored by -- M. of A. COOK -- read once and referred to the Committee on Real Property Taxation

AN ACT to amend the real property tax law, in relation to providing respondents the option to repay a court ordered refund in installments of no more than five years

The People of the State of New York, represented in Senate and Assembly, do enact as follows:

Section 1. Paragraph (a) of subdivision 5 of section 726 of the real property tax law, as added by chapter 503 of the laws of 1996, is amended to read as follows:

(a) If the [parties have so agreed] respondent requests, a final order [may] shall provide that a refund which is payable pursuant to this section shall be paid in installments over a specified period, not to exceed five years. [The order may further provide, if the parties have so agreed, that interest shall be paid on such installments, at the rate provided by this section.] Each such installment shall be audited, paid and charged back in the manner provided by this section.

§ 2. This act shall take effect on the first of January next succeeding the date upon which it shall become a law.

EXPLANATION--Matter in italics (underscored) is new; matter in brackets

[ ] is old law to be omitted.

LBD06289-01-9

Reflowed for reading: line numbers and page breaks removed. Cite the official text.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.