New York S07922 prevents interest accrual on taxes for cities with over one million residents unless a tax appeals tribunal makes a determination.
New York S07922 amends the tax law by adding a new section that states no interest shall accrue on taxes imposed by cities with a population of one million or more unless a tax appeals tribunal makes a determination within one year from the date a petition is filed. This act applies immediately to all petitions where a determination has not yet been issued.
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