{"data":{"id":"us-nyc/n.y.c.-admin.-code-l.l.-1986-025","jurisdiction":"us-nyc","citation":"N.Y.C. Admin. Code § L.L. 1986/025","heading":"L.L. 1986/025","body":"Enactment date: 7/8/1986\n\nInt. No. 628\n\nBy Council Member DeMarco (by request of the Mayor) (Passed under a message of necessity from the Mayor)\n\nA Local Law in relation to the grace period for payment of the first installment of real estate taxes on certain parcels of real property for fiscal year nineteen hundred eighty-seven\n\nBe it enacted by the Council as follows:\n\nSection 1. Notwithstanding any inconsistent provisions of subdivision f of section E17-24.0 of the administrative code of the city of New York or subdivision f of section 11-224 of the administrative code of the city of New York, as recodified by chapter nine hundred seven of the laws of nineteen hundred eighty-five, if the installment of real estate tax on any parcel of real estate having a taxable assessed value of two hundred fifty thousand dollars or less which becomes due and payable on July first, nineteen hundred eighty-six, shall remain unpaid, in whole or in part, on July thirty-first, nineteen hundred eighty-six, the commissioner of finance shall charge, receive and collect interest thereon to be calculated from July first, nineteen hundred eighty-six to the date of payment at the rate and in the manner prescribed in section E17-24.0 or section 11-224 of such code.\n\n§ 2. This local law shall take effect immediately and shall be retroactive to and shall be deemed to be in full force and effect as of June thirtieth, nineteen hundred eighty-six.","path":["New York City Administrative Code","1986"],"source_url":"https://files.amlegal.com/pdffiles/NewYorkCity/Admin/XML.zip","current_through":"Local Law 2026/135 (enacted August 31, 2026)","vintage":"","retrieved_at":"2026-09-06T02:48:57Z","sha256":"0de77b42fcdb164f2172d8f6e4f962c36fd8703c9c11ddd8e98ae85c557cc04b","source_id":"us-nyc","stale":false,"prev":"us-nyc/n.y.c.-admin.-code-l.l.-1986-024","next":"us-nyc/n.y.c.-admin.-code-l.l.-1986-026"},"notice":"GroundRules: Original legal text. Not legal advice."}