New York Assembly Bill A10207

New York 2025-2026 Regular Session

• Introduced: 2/12/26
• Refer: 2/12/26
• Report Pass: 3/24/26
• Refer: 3/24/26
• Report Pass: 4/21/26
• Engrossed: 4/28/26
• Refer: 4/28/26

Caption

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

A10207 amends the Real Property Tax Law to require collecting officers to accept payment of property taxes, and any related interest, in amounts rounded to the nearest five-cent denomination. Under the bill, amounts ending in 1, 2, 6, or 7 cents are rounded down, while amounts ending in 3, 4, 8, or 9 cents are rounded up. The bill defines “legal tender” as all U.S. coins and currency and applies this rounding rule to tax payments made under section 924. The measure is aimed at simplifying the payment of small tax balances and avoiding the need for exact-cent payments when taxes or interest produce fractional amounts that are not easily paid in cash. It takes effect immediately and would apply to the collection of property taxes and associated interest under the cited provision of state law.

Impact

The bill would amend section 924 of the Real Property Tax Law by adding a new subdivision requiring tax collectors to accept rounded payments to the nearest five cents for taxes and interest due. This changes how final amounts are collected from taxpayers, local collecting officers, and other entities administering property tax payments, while leaving the underlying tax liability calculation intact except for the rounding rule at payment. It may reduce administrative burdens associated with handling one-cent and other small change amounts and standardize payment acceptance across jurisdictions.

Sentiment

The available legislative history shows strong support and no recorded opposition in the Assembly, with unanimous committee votes and a 134-0 floor passage. That voting pattern suggests the bill was viewed as a practical, low-conflict administrative adjustment rather than a controversial policy change. The bill was still in Senate committee as of the last action date, so there is no Senate vote record in the materials provided.

Contention

No specific points of contention appear in the provided transcripts or vote summaries. The only potentially debatable issue implied by the text is the mandatory rounding rule itself, including whether amounts should be rounded up or down in particular cent ranges and how that affects taxpayers and collectors. However, the unanimous Assembly votes indicate that any such concerns did not generate visible opposition in that chamber.