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A 8846

Prohibits the sale of tax liens by a tax district in a city with a population of one million or more

2025 Regular Session Introduced by Stefani Zinerman

Prohibits tax districts in a city of 1M+ from selling delinquent tax liens to private buyers, keeping liens under the district’s control and altering collections.

REFERRED TO REAL PROPERTY TAXATION
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Bill Summary · A 8846

Summary: New York Assembly Bill A 8846

Overview

Bill A 8846 would prohibit the sale of tax liens by a tax district located in a city with a population of one million or more. The measure is currently in the Real Property Taxation committee, having been introduced on June 9, 2025 and referred to that committee.

Purpose and Intent

  • The primary aim appears to be to restrict tax districts within large cities (specifically NYC, given the population threshold) from selling tax liens to third parties.
  • The bill signals a policy choice to keep tax liens within the control of the tax district rather than transferring them to private purchasers.

Key Provisions

  • Prohibition: A tax district in a city with a population of one million or more may not sell its tax liens.
  • Scope: Applies to tax districts within the specified large city (the only U.S. city meeting the population criterion in practice is New York City).
  • Referenced as a bill focused on real property taxation.

Affected Parties and Impacts

  • Tax districts in large cities (notably New York City) would be prohibited from selling delinquent tax liens to private buyers or third parties.
  • Potentially affects investors and entities that purchase tax liens, who would be unable to acquire liens from these districts.
  • Tax collection dynamics in the targeted city could shift toward retained ownership of liens by the issuing tax district and/or alternative collection mechanisms.

Legislative Status and Process

  • Introduced: June 9, 2025
  • Current Status: Referred to the Real Property Taxation committee (listed twice in the actions, indicating the same initial referral on that date).
  • Sponsor: Stefani Zinerman (primary).
  • Related bills: Several Senate counterparts and companions from prior sessions (e.g., S 7186 and S 8124/S 4558/S 5075 in prior sessions), indicating ongoing interest in tax lien practices and reform across sessions.

Related Legislation

  • Senate companions and related prior-session bills suggest ongoing policy discussion about tax lien sales and municipal revenue/tax collection strategies.

Procedural and Timeline Notes

  • The bill’s next steps would typically involve committee review, potential amendments, and, if approved by the committee, floor consideration in the Assembly. If passed, it would proceed to the Senate or other legislative steps as dictated by the chamber’s rules.
  • No explicit effective date is provided in the available summary.

If you’d like, I can compare A 8846 to the related Senate bills (e.g., S 7186, S 8124, S 4558) to highlight how the approaches differ or align.

Compiled from official sources — confirm details with the bill’s official record.

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