New York S07186 prohibits tax districts in cities with a population of one million or more from selling tax liens.

New York S07186 amends the real property tax law and the administrative code of New York City to prohibit tax districts in cities with a population of one million or more from selling tax liens. This bill allows tax districts to sell delinquent tax liens to the state's municipal bond bank or entities created by the bond bank, but restricts this ability for tax districts in large cities. The changes will take effect on January 1 of the year following the bill's enactment.

New York S07186 prohibits tax districts in cities with a population of one million or more from selling tax liens.

New York S07186 amends the real property tax law and the administrative code of New York City to prohibit tax districts in cities with a population of one million or more from selling tax liens. This bill allows tax districts to sell delinquent tax liens to the state's municipal bond bank or entities created by the bond bank, but restricts this ability for tax districts in large cities. The changes will take effect on January 1 of the year following the bill's enactment.