New York City Council Header
File #: Res 1839-2013    Version: * Name: Establish that the discount percentage for early payment of real estate taxes be set at 1.0% per annum for FY'14.
Type: Resolution Status: Adopted
Committee: Committee on Finance
On agenda: 6/24/2013
Enactment date: Law number:
Title: Resolution to establish that the discount percentage for early payment of real estate taxes be set at 1.0% per annum for Fiscal Year 2014.
Sponsors: Domenic M. Recchia, Jr., Inez E. Dickens, Letitia James, Peter A. Koo, Rosie Mendez
Council Member Sponsors: 5
Attachments: 1. Committee Report, 2. Hearing Transcript - Finance 6-26-13, 3. Hearing Transcript - Stated Meeting 6-26-13
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
6/26/2013*Domenic M. Recchia, Jr. City Council Approved, by CouncilPass Action details Meeting details Not available
6/26/2013*Domenic M. Recchia, Jr. Committee on Finance Hearing Held by Committee  Action details Meeting details Not available
6/26/2013*Domenic M. Recchia, Jr. Committee on Finance Approved by CommitteePass Action details Meeting details Not available
6/24/2013*Domenic M. Recchia, Jr. City Council Introduced by Council  Action details Meeting details Not available
6/24/2013*Domenic M. Recchia, Jr. City Council Referred to Comm by Council  Action details Meeting details Not available
Res. No. 1839
 
Resolution to establish that the discount percentage for early payment of real estate taxes be set at 1.0% per annum for Fiscal Year 2014.
 
By Council Members Recchia, Dickens, James, Koo and Mendez
      Whereas, Section 1519-a(7)(c) of the New York City charter provides that the Council may adopt a discount percentage for early payment of real estate taxes on the fifth day of June preceding such ensuing fiscal year, or at any time thereafter; and
Whereas, The Banking Commission forwarded its recommendation to the Council, by letter dated May 14, 2013, that the discount percentage for early payment of real estate taxes for Fiscal Year 2014 be set at one percent (1.0%) per annum; and
Whereas, This Resolution provides that the discount percentage for early payment of real estate taxes shall be set at one percent (1.0%) per annum for Fiscal Year 2014; now, therefore, be it
Resolved, That the Council of the City of New York establishes that the discount percentage for early payment of real estate taxes be set at one percent (1.0%) per annum for Fiscal Year 2014.