A10207 • 2025

Requires that tax amounts extended on the final assessment roll, and any interest or penalties subsequently accruing thereon, be rounded to the nearest five-cent denomination

Taxes

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Paula Kay
Last action: 2026-06-04
Official status: In Senate Committee
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Requires that tax amounts extended on the final assessment roll, and any interest or penalties subsequently accruing thereon, be rounded to the nearest five-cent denomination

Requires that tax amounts extended on the final assessment roll, and any interest or penalties subsequently accruing thereon, be rounded to the nearest five-cent denomination Requires that tax amounts extended on the final assessment roll, and any interest or penalties subsequently accruing thereon, be rounded to the nearest five-cent denomination prior to inclusion on any bill or notice.

What This Bill Does

Requires that tax amounts extended on the final assessment roll, and any interest or penalties subsequently accruing thereon, be rounded to the nearest five-cent denomination Requires that tax amounts extended on the final assessment roll, and any interest or penalties subsequently accruing thereon, be rounded to the nearest five-cent denomination prior to inclusion on any bill or notice.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-06-04 Assembly
REPASSED ASSEMBLY
2026-06-04 Assembly
RETURNED TO SENATE
2026-06-04 Senate
REFERRED TO RULES
2026-05-29 Assembly
RECALLED FROM SENATE
2026-05-29 Senate
RETURNED TO ASSEMBLY
2026-05-29 Assembly
VOTE RECONSIDERED - RESTORED TO THIRD READING
2026-05-29 Assembly
AMENDED ON THIRD READING (T) 10207A
2026-04-28 Assembly
PASSED ASSEMBLY
2026-04-28 Assembly
DELIVERED TO SENATE
2026-04-28 Senate
REFERRED TO LOCAL GOVERNMENT
2026-04-23 Assembly
ADVANCED TO THIRD READING CAL.376
2026-04-21 Assembly
REPORTED
2026-03-24 Assembly
REPORTED REFERRED TO WAYS AND MEANS
2026-02-12 Assembly
REFERRED TO REAL PROPERTY TAXATION

Official Summary Text

Requires that tax amounts extended on the final assessment roll, and any interest or penalties subsequently accruing thereon, be rounded to the nearest five-cent denomination
Requires that tax amounts extended on the final assessment roll, and any interest or penalties subsequently accruing thereon, be rounded to the nearest five-cent denomination prior to inclusion on any bill or notice.

Current Bill Text

Read the full stored bill text

S T A T E   O F   N E W   Y O R K
        ________________________________________________________________________

                                          10207

                                  I N  A S S E M B L Y

                                    February 12, 2026
                                       ___________

        Introduced by M. of A. KAY -- read once and referred to the Committee on
          Real Property Taxation

        AN  ACT  to  amend the real property tax law, in relation to requiring a
          collecting officer of taxes to accept payments of tax,  including  any
          interest due thereon, rounded to the nearest five cent denomination

          THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
        BLY, DO ENACT AS FOLLOWS:

     1    Section 1. Section 924 of the real property  tax  law  is  amended  by
     2  adding a new subdivision 4 to read as follows:
     3    4.  (A)  NOTWITHSTANDING  ANY  PROVISION  OF  LAW TO THE CONTRARY, THE
     4  COLLECTING OFFICER SHALL ACCEPT AS PAYMENT OF TAXES AND INTEREST  PURSU-
     5  ANT  TO THIS SECTION AN AMOUNT THAT IS ROUNDED UP OR DOWN TO THE NEAREST
     6  FIVE CENTS AS FOLLOWS:
     7    (I) WHERE THE AMOUNT OF TAX, INCLUDING ANY INTEREST DUE THEREON,  ENDS
     8  IN  ONE CENT, TWO CENTS, SIX CENTS, OR SEVEN CENTS, SUCH AMOUNT SHALL BE
     9  ROUNDED DOWN TO THE NEAREST AMOUNT DIVISIBLE BY FIVE FOR TAXPAYERS SEEK-
    10  ING TO PAY THEREFOR WITH LEGAL TENDER.
    11    (II) WHERE THE AMOUNT OF TAX, INCLUDING ANY INTEREST DUE THEREON, ENDS
    12  IN THREE CENTS, FOUR CENTS, EIGHT CENTS, OR NINE CENTS SUCH AMOUNT SHALL
    13  BE ROUNDED UP TO THE NEAREST AMOUNT  DIVISIBLE  BY  FIVE  FOR  TAXPAYERS
    14  SEEKING TO PAY THEREFOR WITH LEGAL TENDER.
    15    (B)  AS  USED  IN THIS SUBDIVISION, THE TERM "LEGAL TENDER" SHALL MEAN
    16  ALL COINS AND CURRENCIES OF THE UNITED STATES.
    17    § 2. This act shall take effect immediately.




         EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14550-01-6