Amendment ID: S2899-11

Amendment 11

Reasonable Abatement Processes

Mr. Collins moves that the proposed new draft be amended by inserting the following section:-

“Section X. The first paragraph of section 59 of said chapter 59, as appearing in the 2024 Official Edition, is hereby amended by inserting after the first sentence the following sentence:- A person who has filed a timely application for abatement pursuant to this section shall only be required to pay the amount of the tax due based on the valuation of the real property from the prior tax year and upon a final determination of the valuation of such property, including exhaustion of all appeals, such person shall owe the difference between the tax paid pursuant to this sentence and the new amount determined after all appeals; provided, however, that such person shall not be charged any late fee or interest on such taxes owed. An application for exemption may be made on or before April 1 of the year to which the tax relates, or within 3 months after the bill or notice of assessment was sent, whichever is later.”