Relates to the payment of real property and school district taxes in installments

Where it stands

Signed into law.

Real Property Taxation · New York State Assembly

Also referred to Rules · New York State Assembly, Rules · New York State Senate, Ways and Means · New York State Assembly.

Purpose, from the sponsor's memo

Section 1 amends subparagraph (xv) of paragraph (a) of subdivision 1 of section 922 of the real property tax law to include the following language: "Notwithstanding any general, special or local law to the contrary, if the taxes set forth in the statement are payable in installments such statement shall clearly disclose the due dates for payment of such installments without interest or penalties." Section 2 amends subdivision 2 of section 974 of the real property tax law and Section 3 amends subdivision 2 of section 1338 of the real prop- erty tax law to replace the word "chapter" with "title" and includes the following language: "In addition, such statement shall clearly disclose the due dates for payment of such installments without interest and penalties." Section 4 amends the effective date of the underlying chapter from imme- diately to 120 days after it shall have become a law. Section 5 sets the effective date. EXISTING LAW: The underlying chapter places new requirements for disclosures on real property and school district taxes bills. The existing law mandates that, if a property owner elects to pay taxes in installments, the statement of taxes must include the due dates for these payments without interest or penalties. This applies to all relevant real property and school district taxes where installment payments are an option.

Filed with the bill. Read it on nysenate.gov (opens in a new tab)

Recorded votes

• Vote: Floor vote

  NY SenateJan 22, 2025Result: passed

  Voted yes (59)Voted no (0)Voted present (0)Absent (4)

  See member positions for the vote on Jan 22, 2025 (Floor vote)

• Vote: Committee vote · Rules

  Senate RulesJan 13, 2025Result: passed

  Voted yes (21)Voted no (0)Voted present (0)Absent (0)

  See member positions for the vote on Jan 13, 2025 (Committee vote · Rules)

Full history

1. Feb 14, 2025

   Signed

   SIGNED CHAP.73

   NY Senate

2. Feb 12, 2025

   Sent to the executive

   DELIVERED TO GOVERNOR

   NY Senate

3. Feb 5, 2025

   Ordered to Third Reading Rules CAL.89

   ORDERED TO THIRD READING RULES CAL.89

   NY Assembly

4. Feb 5, 2025

   Passed a chamber

   PASSED ASSEMBLY

   NY Assembly

5. Feb 5, 2025

   Substituted

   SUBSTITUTED BY S741

   NY Assembly

About this record

Summary

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Source

From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 21, 2026. About our data

Read the record

• Read on NY Senate (opens in a new tab) The official record on nysenate.gov.