File #: Res 0274-2010    Version: * Name: Establish that the discount percentage for early payment of real estate taxes be set at one percent (1.0%) per annum for FY'11.
Type: Resolution Status: Adopted
Committee: Committee on Finance
On agenda: 6/9/2010
Enactment date: Law number:
Title: Resolution to establish that the discount percentage for early payment of real estate taxes be set at one percent (1.0%) per annum for Fiscal Year 2011.
Sponsors: Domenic M. Recchia, Jr., Charles Barron, Vincent J. Gentile
Council Member Sponsors: 3
Attachments: 1. Committee Report, 2. Hearing Transcript, 3. Hearing Transcript - Stated Meeting 6/9/10, 4. Hearing Testimony - 6/9/10
Date Ver.Prime SponsorAction ByActionResultAction DetailsMeeting DetailsMultimedia
6/9/2010*Domenic M. Recchia, Jr. City Council Approved, by CouncilPass Action details Meeting details Not available
6/9/2010*Domenic M. Recchia, Jr. City Council Referred to Comm by Council  Action details Meeting details Not available
6/9/2010*Domenic M. Recchia, Jr. City Council Introduced by Council  Action details Meeting details Not available
6/9/2010*Domenic M. Recchia, Jr. Committee on Finance P-C Item Approved by CommPass Action details Meeting details Not available
6/9/2010*Domenic M. Recchia, Jr. Committee on Finance Hearing on P-C Item by Comm  Action details Meeting details Not available

Preconsidered Res. No. 274

 

Resolution to establish that the discount percentage for early payment of real estate taxes be set at one percent (1.0%) per annum for Fiscal Year 2011.

 

By Council Members Recchia, Barron and Gentile

                      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, This Resolution, dated June 9, 2010, 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 2011; now, therefore, be it

 

Resolved, That the Council establishes that the discount percentage for early payment of real estate taxes shall be set at one percent (1.0%) per annum for Fiscal Year 2011.