{"data":{"id":"us-nyc/n.y.c.-admin.-code-l.l.-1990-030","jurisdiction":"us-nyc","citation":"N.Y.C. Admin. Code § L.L. 1990/030","heading":"L.L. 1990/030","body":"Enactment date: 7/5/1990\n\nInt. No. 472\n\nBy Council Member Berman (by request of the Mayor); also Council Members Harrison and Povman (Passed under a message of necessity from the Mayor)\n\nA Local Law in relation to the grace period for payment without interest of the first installment of real property taxes for the fiscal year of the city commencing July 1, 1990\n\nBe it enacted by the Council as follows:\n\nSection 1.\n\n(a) (1) Notwithstanding any contrary provision of subdivision f or k 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 which has a taxable assessed valuation of at least fifteen million dollars or any real property which, irrespective of its assessed valuation, is \"utility real property,\" as herein defined, if the first installment of real property tax on any such real property for the fiscal year commencing July 1, 1990, which becomes due and payable on July 1, 1990, shall remain unpaid in whole or in part on July 6, 1990, the commissioner of finance shall charge, receive and collect interest upon the amount of such installment or such part thereof remaining unpaid on that date, to be calculated from July 1, 1990.\n\n(2) For purposes of this subdivision, the term \"utility real property\" shall have the same meaning as that term has in subdivision (c) of section 1801 of the State real property tax law, except that, when used in this subdivision, \"utility real property\" shall include all of the types of real property, property or land described in subdivision 12 of section 102 of the state real property tax law when owned by a person or corporation described in subdivision (c) of section 1801 of such law.\n\n(b) Notwithstanding any contrary provision of subdivision f or k 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 real property described in subdivision (a) of this section, if the first installment of real property tax on any such real property for the fiscal year commencing July 1, 1990, which becomes due and payable on July 1, 1990, shall remain unpaid in whole or in part on July 17, 1990, the commissioner of finance shall charge, receive and collect interest upon the amount of such installment or such part thereof remaining unpaid on that date, to be calculated from July 1, 1990.\n\n§ 2. This local law shall take effect immediately and shall be deemed to have been in full force and effect as of July 1, 1990.","path":["New York City Administrative Code","1990"],"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":"3b01fb974371a5b24cf1133e4b6f6aa204875c8a4df6697ba96dc05a8d6452a5","source_id":"us-nyc","stale":false,"prev":"us-nyc/n.y.c.-admin.-code-l.l.-1990-029","next":"us-nyc/n.y.c.-admin.-code-l.l.-1990-031"},"notice":"GroundRules: Original legal text. Not legal advice."}