New York Assembly Bill A08793

New York 2025-2026 Regular Session

• Introduced: 6/5/25
• Refer: 6/5/25

Caption

Authorizes the village of Bloomingburg to enter into a contract to sell or pledge as collateral for a loan some or all of the delinquent liens held by such city to a private party or engage a private party.

Impact

The impact on state laws includes a significant change in the way tax liens can be sold or utilized within the village's jurisdiction. By permitting the sale of delinquent tax liens, the bill aims to create a more streamlined approach to managing tax liabilities. The legislation entails specific conditions, such as providing property owners with a 30-day notice before any sale, which aims to protect the rights of taxpayers while ensuring the village can recover owed taxes efficiently.

Summary

Bill A08793 authorizes the village of Bloomingburg to contract for the sale or pledging of delinquent tax liens to a private party. This legislation represents a shift in how local governments can manage their tax collection processes and delinquent accounts by allowing them to leverage these liens as financial assets. Under this bill, the village can decide to either sell the liens or engage a private entity to collect them, which could enhance its revenue flow and improve tax compliance among property owners.

Contention

Notably, there may be contention surrounding the implications for property owners facing tax delinquencies. Critics might argue that the privatization of tax collection could lead to aggressive collection practices and increased financial burdens on property owners. Additionally, there are concerns about the transparency and accountability of private entities handling public tax collections. The balance between effective revenue recovery for the village and the fair treatment of residents is likely to be a point of discussion among stakeholders as the bill advances.