File #: Int 0783-2024    Version: * Name: Public recording of tax liens.
Type: Introduction Status: Committee
Committee: Committee on Finance
On agenda: 4/11/2024
Enactment date: Law number:
Title: A Local Law to amend the administrative code of the city of New York, in relation to the public recording of tax liens
Sponsors: Sandy Nurse, Chi A. Ossé, Crystal Hudson, Mercedes Narcisse, Pierina Ana Sanchez, Alexa Avilés, Shekar Krishnan, Julie Won, Jennifer Gutiérrez, Nantasha M. Williams, (by request of the Brooklyn Borough President)
Council Member Sponsors: 10
Summary: This bill would amend existing law to require the Department of Finance to record tax liens on property in the city in the ACRIS database once the lawful debt on such property exceeds $5,000 past due for a period of three or more years.
Attachments: 1. Summary of Int. No. 783, 2. Int. No. 783, 3. April 11, 2024 - Stated Meeting Agenda, 4. Hearing Transcript - Stated Meeting 4-11-24

Int. No. 783

 

By Council Members Nurse, Ossé, Hudson, Narcisse, Sanchez, Avilés, Krishnan, Won, Gutiérrez and Williams (in conjunction with the Brooklyn Borough President)

 

A Local Law to amend the administrative code of the city of New York, in relation to the public recording of tax liens

 

Be it enacted by the Council as follows:

 

Section 1. Subdivision a of section 11-320 of the administrative code of the city of New York is amended to add a new paragraph 3 to read as follows:

3. The commissioner of finance shall record in the Automated City Register Information System database, or successor database, the tax lien on property in the city according to its borough, block, and lot identifier, once the lawful debt on the property exceeds five thousand dollars past due for a period of more than three years.  Any failure to comply with this paragraph shall not affect the validity of any sale of tax liens pursuant to this chapter. 

§ 2. This local law takes effect immediately.

 

MJT

LS #12139

9/6/23 10:39 A.M.