File #:

Int 0655-2015    Version: *

Name:

Sale of tax liens.

Type:

Introduction

Status:

Enacted

Committee:

Committee on Finance

On agenda:

2/12/2015

Enactment date:

3/3/2015

Law number:

2015/020

Title:

A Local Law to amend the administrative code of the city of New York, in relation to the sale of tax liens.

Sponsors:

Julissa Ferreras-Copeland, David G. Greenfield, Deborah L. Rose

Council Member Sponsors:

3

Summary:

On January 22, 2015, the City Council adopted legislation Local Law 14 that would among other things, create a Temporary Taskforce to examine the authority of the commissioner of finance to sell tax liens as an effective enforcement tool to collect debt owed to the city, and ensure proper mechanisms and protections are established to decrease the necessity for the use of such tool. The Task Force will also be required to submit a report about their conclusions and recommendations in examining the tax lien sale process. Local Law 14 required the Mayor to appoint 5 members, and the Council to appoint 5 members each to the Board. The legislation also required such appointments to be made within 60 days after the enactment of the local law. Int. 655 would change the date of appointment of the board members from no later than 60 days after enactment of the local law to no later than August 1, 2015. This legislation would also clarify that the Speaker can appoint any individual to the board that is an employee of the Council.

Attachments:

1. Summary of Int. No. 655, 2. Committee Report, 3. Hearing Transcript, 4. Fiscal Impact Statement, 5. Hearing Transcript - Stated Meeting 2-12-15, 6. Mayor's Letter, 7. Local Law 20, 8. Minutes of the Stated Meeting - February 12, 2015