File #: Res 0191-2022    Version: * Name: Establish that the discount percentage for early payment of real estate taxes be set at one-half of one percent per annum for Fiscal Year 2023.
Type: Resolution Status: Adopted
Committee: Committee on Finance
On agenda: 6/2/2022
Enactment date: Law number:
Title: Resolution to establish that the discount percentage for early payment of real estate taxes be set at one-half of one percent per annum for Fiscal Year 2023.
Sponsors: Diana I. Ayala, Sandy Nurse
Council Member Sponsors: 2
Attachments: 1. Res. No. 191, 2. Committee Report, 3. Hearing Transcript, 4. June 2, 2022 - Stated Meeting Agenda, 5. Hearing Transcript - Stated Meeting 6-2-22
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
6/2/2022*Diana I. Ayala City Council Approved, by CouncilPass Action details Meeting details Not available
6/2/2022*Diana I. Ayala City Council Referred to Comm by Council  Action details Meeting details Not available
6/2/2022*Diana I. Ayala City Council Introduced by Council  Action details Meeting details Not available
6/2/2022*Diana I. Ayala Committee on Finance Hearing on P-C Item by Comm  Action details Meeting details Not available
6/2/2022*Diana I. Ayala Committee on Finance P-C Item Approved by CommPass Action details Meeting details Not available

Preconsidered Res. No. 191

 

Resolution to establish that the discount percentage for early payment of real estate taxes be set at one-half of one percent per annum for Fiscal Year 2023.

 

By Council Members Ayala and Nurse

                     Whereas, Pursuant to section 1519-a(7)(b) of the New York City charter, the Banking Commission is required to recommend to the City Council, not later than the 13th day of May, the proposed discount percentage allowed for early payment of real estate taxes; and

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 no earlier than the 14th day of May; and

Whereas, The Banking Commission forwarded its recommendation to the Council, by letter dated May 13, 2022, that the discount percentage for early payment of real estate taxes for Fiscal Year 2023 be set at one-half of one percent per annum; 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-half of one percent per annum for Fiscal Year 2023.

 

 

 

 

 

MMB

LS #9460

5/24/22; 9:38 a.m.