New York S 7940: Relates to procedures for the foreclosure of tax lien proceedings

Bill Text

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S07940 Summary:

BILL NOS07940 

&nbsp

SAME ASSAME AS A05656

&nbsp

SPONSORBAILEY

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §§1166, 1136, 1194, 1112, 1125 & 1180, RPT L

&nbsp

Requires municipal tax collectors to hold a hearing after a tax lien sale to distribute funds to the former owner of such property.

Go to top S07940 Actions:

BILL NOS07940 

&nbsp

05/14/2025REFERRED TO LOCAL GOVERNMENT

01/07/2026REFERRED TO LOCAL GOVERNMENT

Go to topS07940 Committee&nbspVotes:

Go to topS07940 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS07940 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7940

 2025-2026 Regular Sessions

 IN SENATE

 May 14, 2025
 ___________

 Introduced by Sen. BAILEY -- read twice and ordered printed, and when
 printed to be committed to the Committee on Local Government

 AN ACT to amend the real property tax law, in relation to procedures for
 the foreclosure of tax lien proceedings

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Section 1166 of the real property tax law, as amended by
 2 section 13 of part BB of chapter 55 of the laws of 2024, is amended to
 3 read as follows:
 4 § 1166. Real property acquired by tax district; right of sale. 1.
 5 Whenever any tax district shall become vested with the title to real
 6 property, and whenever an enforcing officer shall have been authorized
 7 to sell and convey real property directly to another party, by virtue of
 8 a foreclosure proceeding brought pursuant to the provisions of this
 9 article, such tax district or enforcing officer is hereby authorized to
 10 sell and convey such real property, which shall include any and all gas,
 11 oil or mineral rights associated with such real property, [either with
 12 or without advertising for bids,] notwithstanding the provisions of any
 13 general, special or local law.
 14 2. [No such sale shall be effective unless and until such sale shall
 15 have been approved and confirmed by a majority vote of the governing
 16 body of the tax district, except that no such approval shall be required
 17 when the property is sold at public auction to the highest bidder.] (a)
 18 Notice of such sale shall be given by the officer making it by publish-
 19 ing a notice of the time and place of the sale, containing a description
 20 of the property to be sold, in a newspaper published in the county in
 21 which the property is located, or, if there is none, in a newspaper
 22 published in an adjoining county, unless the property is situated wholly
 23 or partly in a city, or in an incorporated village in which a daily,
 24 semi-weekly or tri-weekly newspaper is published, and, in that case, by
 25 publishing notice of the sale in such a daily, semi-weekly or tri-weekly

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09285-01-5

 S. 7940 2

 1 paper, except that where such real property is located in a county with-
 2 in the city of New York such publication shall be in a daily newspaper
 3 published within such county, or in a weekly paper published in a city
 4 or in such incorporated village. If the property be situated in a city,
 5 or a village in which no newspaper is published daily, semi-weekly or
 6 tri-weekly, and there be an adjoining city or village in the same or
 7 another county, in which a newspaper is published daily, semi-weekly or
 8 tri-weekly, such notice may be published in such daily, semi-weekly or
 9 tri-weekly newspaper of the latter city or village or in a weekly news-
 10 paper of such city. In each case, publication may be either once in each
 11 week for four successive weeks or at least twice in each week for three
 12 successive weeks preceding the original date fixed for the sale. If the
 13 publication is for three weeks, such sale shall take place on any day on
 14 or after the twenty-first day and on or before the twenty-eighth day
 15 after the day of the first publication; and if the publication is for
 16 four weeks such sale shall take place on any day on or after the twen-
 17 ty-eighth day and on or before the thirty-fifth day after the day of the
 18 first publication. Any period of