New York City Council Header
File #: Res 2013-2009    Version: * Name: Establish that the discount percentage for early payment of real estate taxes be set at one and one-half percent (1.5%) per annum for FY'10.
Type: Resolution Status: Adopted
Committee: Committee on Finance
On agenda: 6/10/2009
Enactment date: Law number:
Title: Resolution to establish that the discount percentage for early payment of real estate taxes be set at one and one-half percent (1.5%) per annum for Fiscal Year 2010.
Sponsors: David I. Weprin, Robert Jackson, Domenic M. Recchia, Jr.
Council Member Sponsors: 3
Attachments: 1. Committee Report, 2. Press Release, 3. Hearing Testimony, 4. Hearing Transcript - Stated Meeting 6/19/09, 5. Heairng Transcript
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
6/19/2009*David I. Weprin City Council Approved, by CouncilPass Action details Meeting details Not available
6/19/2009*David I. Weprin Committee on Finance Hearing Held by Committee  Action details Meeting details Not available
6/19/2009*David I. Weprin Committee on Finance Approved by CommitteePass Action details Meeting details Not available
6/10/2009*David I. Weprin City Council Referred to Comm by Council  Action details Meeting details Not available
6/10/2009*David I. Weprin City Council Introduced by Council  Action details Meeting details Not available

Res. No. 2013

 

Resolution to establish that the discount percentage for early payment of real estate taxes be set at one and one-half percent (1.5%) per annum for Fiscal Year 2010.

 

By Council Members Weprin, Jackson, Recchia Jr.

 

Whereas, Section 1519-a of the New York City Charter, as amended by Local Law No. 66 of 2008, requires the Banking Commission to recommend to the City Council, not later than the twenty-fifth day of May in each year, a proposed discount percentage for early payment of real estate taxes to be effective for the ensuing fiscal year; and

Whereas, On May 22, 2009, the Banking Commission submitted to the City Council its recommendation that the discount percentage for early payment of real estate taxes prior to the dates on which such taxes become due and payable be set at one and one-half percent (1.5%) per annum for Fiscal Year 2010; now, therefore, be it

Resolved, That the Council establishes that the discount percentage for early payment of real estate taxes be set at one and one-half percent (1.5%) per annum for Fiscal Year 2010. 

 

 

 

 

 

TE 5-27-09

LS#7537