N.Y.C. Admin. Code § L.L. 1996/011: L.L. 1996/011

Enactment date: 2/5/1996

Int. No. 687

By Council Members Berman, Spigner, Stabile and Ognibene (by the request of the Mayor); also Council Members Dear, Fisher, Leffler and Abel

A Local Law in relation to the grace period for payment without interest of the installment of real property tax with respect to certain real property that is due and payable on January 1, 1996.

Be it enacted by the Council as follows:

Section 1. Notwithstanding any inconsistent provisions of subdivision f of section 11-224 of the administrative code of the city of New York or of any other law, with respect to any real property other than that described in paragraph b of subdivision 4 of section 1519 of the New York city charter, if the installment of real property tax that is due and payable on January 1, 1996 is not paid on or before January 22, 1996, the commissioner of finance shall charge, receive and collect interest upon the amount of such installment not paid on or before such date, to be calculated from January 1, 1996 to the date of payment

§ 2. This local law shall take effect immediately and shall be retroactive to and deemed to have been in full force and effect as of January 1, 1996.