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June 25
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Committee on Finance

Committee Meeting

Committee on Finance

June 25, 202011:00 AM- REMOTE HEARING (VIRTUAL ROOM 1) -

The Committee on Finance met on June 25, 2020 and held hearings on 9 bills.

Agenda

Roll Call

Legislation

9 bills discussed — 9 hearing held

Creation of a database to track the expenditure of funds in connection with COVID-19, and to provide for the repeal thereof.

Int 1952-2020

Deferral of property tax liability on real property with an assessed value of two hundred fifty thousand dollars or less owned by certain property owners impacted by COVID-19.

Int 1974-2020

Authorize adoption by resolution of an interest rate for nonpayment of taxes on real property with an assessed value over two hundred fifty thousand dollars in FY'21 for certain property owners adversely affected by COVID-19.

Int 1964-2020

3415 Knox Place. GHPP.FY20, Bronx

LU 0664-2020

Establish that the discount percentage for early payment of real estate taxes be set at one-half of one percent per annum for FY'21.

Res 1346-2020

Establish that the interest rate be 18 % per annum for FY'21 for non-payment of taxes on properties with an assessed value of over $250,000, or over $250,000 per residential unit for cooperative apartments.

Res 1347-2020

Establish that the interest rate be 3.25 % for the first quarter of FY'21 and 5 % for the remainder of FY'21 for non-payment of taxes on properties.

Res 1348-2020

Adopt an interest rate of 7.5 % for a portion of FY'21 for the non-payment of taxes on real property with an assessed value over $250,000 for property owners adversely affected by COVID-19.

Res 1349-2020

Adopt an interest rate of zero % for a portion of FY'21 for the non-payment of taxes on real property with an assessed value of $250,000 or less for property owners adversely affected by COVID-19.

Res 1350-2020

Documents

Meeting AgendaPDF

Files (2)

Meeting Agenda

7/6/2020

Meeting Minutes

7/6/2020