S 9541 New York Senate · 2025 Regular Session

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

Summary

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.

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Mar 2026

Committee Review

Floor Vote

Governor

Introduced Mar 23, 2026 Last action Jun 5, 2026

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What changed between versions

S9541 → S9541A · 3 edits

MINOR

The bill was renumbered to S9541-A and its effective date was delayed from immediately to January of the following year. The core policy change shifts the rounding of tax amounts from the point of payment by the collecting officer to the point where the final tax bill is generated, ensuring the rounding is applied consistently to the official record before any interest or penalties are calculated.

Scope change

The scope of the rounding requirement was expanded to apply to the final assessment roll and the issuance of tax bills, rather than just the physical act of collecting payment.

TIMELINE

The effective date of the act was changed from 'immediately' to 'on the first of January next succeeding the date on which it shall have become a law.'

REQUIREMENT

The requirement for rounding tax amounts was moved upstream from the collection phase to the billing phase, ensuring the final assessment roll and tax bills reflect rounded amounts before interest accrues.

A new restriction was added preventing collecting officers from making any further adjustments to tax amounts at the time of collection based on the rounding.

Floor votes

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Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jun 5, 2026

Committee

RECOMMITTED TO RULES

upper

Jun 1, 2026

Upper · Passed

AMENDED ON THIRD READING (T) 9541A

upper

May 28, 2026

Committee

COMMITTEE DISCHARGED AND COMMITTED TO RULES

upper

Mar 23, 2026

Committee

REFERRED TO LOCAL GOVERNMENT

upper

1 primary · 0 co-sponsors