Provides that no interest shall accrue on taxes imposed by a city with a population of one million or more unless a tax appeals tribunal shall have made a determination within one year from the date a petition is filed.
Impact
The bill seeks to relieve financial pressure on taxpayers in large cities such as New York City by ensuring that they are not penalized with interest charges while awaiting a determination from the tax appeals tribunal. Proponents of the bill argue that the current system may unfairly disadvantage taxpayers who challenge their tax assessments, as they may accumulate significant interest on amounts disputed for extended periods. Limiting interest accrual addresses concerns over taxpayer equity and due process in handling tax disputes.
Summary
Bill S07922 aims to amend the tax law in New York by placing limitations on the accrual of interest on taxes imposed by cities with populations of one million or more. Specifically, the bill states that no interest shall accrue on taxes unless a tax appeals tribunal has made a determination on the petition filed regarding the tax within one year from its filing date. This is designed to provide timely resolutions for taxpayers and prevent prolonged interest accruals during pending appeals.
Contention
Debate surrounding S07922 may encompass differing opinions on fiscal responsibility and taxpayer rights. Supporters emphasize the importance of providing a fair chance for taxpayers to contest their tax liabilities without the looming threat of additional financial burden through interest charges. Detractors might express concerns regarding potential implications for city revenues and the administrative challenges in implementing such a change, particularly the need for efficient processing of appeals within the specified timeframe to avoid financial losses for the city.
Notable points
As this bill progresses through the legislative process, stakeholders may scrutinize its potential impact on municipal finance and taxpayer behavior. The bill introduces a significant change in how tax appeals are treated and could encourage more taxpayers to contest their assessments without the fear of accumulating costs during the appeals process. If enacted, it would represent a notable shift in taxpayer protection measures in regard to tax assessments in New York City.
Provides that cities having a population in excess of one million shall not supersede state provisions relating to the state law prohibition on individuals standing or parking a vehicle within twenty feet of a cross walk at an intersection.
Provides that cities having a population in excess of one million shall not supersede state provisions relating to the state law prohibition on individuals standing or parking a vehicle within twenty feet of a cross walk at an intersection.
Requires milled roads within a city having a population of one million or more be paved over or resurfaced within seventy-two hours of such road being milled.
Relates to residency requirements for police officers in a city with a population of one million or more; provides that any person appointed as a paid member of the police force of such city shall become a resident of any political subdivision or municipal corporation within such city within one year of his or her appointment and shall continue to reside within any political subdivision or municipal corporation.
Relates to residency requirements for police officers in a city with a population of one million or more; provides that any person appointed as a paid member of the police force of such city shall become a resident of any political subdivision or municipal corporation within such city within one year of his or her appointment and shall continue to reside within any political subdivision or municipal corporation.
Prohibits certain sex offenders from residing within 1,350 feet of school grounds, except that in cities having a population of one million or more, no such sex offender may reside within 500 feet of school grounds; establishes a violation thereof shall be a class C felony.
Provides that a proceeding challenging apportionment by the legislature shall be brought in certain designated courts in a judicial department within which at least one petitioner resides.
Provides that a proceeding challenging apportionment by the legislature shall be brought in certain designated courts in a judicial department within which at least one petitioner resides.
Requires that a city with a population of one million or more shall provide at least one curbside composting collection site for every five thousand people with bi-weekly collection days.