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Bill

Bill

A 415

Relates to the payment of real property and school district taxes in installments

2025 Regular Session Introduced by MaryJane Shimsky

Bill A 415 allows property owners to pay real estate and school taxes in installments, easing financial strain and reducing delinquency risks for taxpayers.

SUBSTITUTED BY S741
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WeVote Research Nonpartisan
Bill Summary · A 415

Summary of Bill A 415

Bill Information

  • Bill Number: A 415
  • Title: Relates to the payment of real property and school district taxes in installments
  • Status: Substituted by S 741
  • Introduced: January 08, 2025
  • Classification: Bill

Purpose and Intent

Bill A 415 aims to provide property owners with the option to pay their real property and school district taxes in installments. This legislative measure is designed to ease the financial burden on taxpayers by allowing them more flexibility in managing their tax payments, potentially reducing the risk of delinquency and financial strain.

Key Provisions

  • Installment Payments: The bill proposes a framework for property owners to pay their taxes in multiple installments rather than in a single lump sum. This could help individuals and families manage their finances more effectively.
  • Eligibility Criteria: While specific eligibility criteria are not detailed in the provided information, such provisions typically include considerations for income levels, property types, and other factors that may affect a taxpayer's ability to pay.
  • Implementation Timeline: The bill outlines a process for local governments and school districts to implement the installment payment option, ensuring that the necessary administrative frameworks are in place.

Affected Parties

  • Property Owners: The primary beneficiaries of this bill would be homeowners and property owners who may struggle with the financial demands of paying property taxes in full.
  • Local Governments and School Districts: These entities would need to adapt their tax collection processes to accommodate installment payments, which may involve additional administrative work and adjustments to their budgeting processes.

Legislative Actions

  • January 08, 2025: Bill A 415 was introduced and referred to the Committee on Real Property Taxation.
  • January 22, 2025: The bill was reported and referred to the Committee on Ways and Means.
  • February 04, 2025: The bill was reported, referred to Rules, and ordered to third reading.
  • February 05, 2025: Bill A 415 was substituted by S 741, indicating that the provisions of this bill may be incorporated into the companion legislation.

Related Bills

  • S 741: This is the companion bill to A 415, which has taken precedence in the legislative process. The details of S 741 may provide further insights into the final provisions regarding installment payments for property taxes.

Conclusion

Bill A 415 represents an important legislative effort to provide financial relief to property owners by allowing installment payments for real property and school district taxes. As it has been substituted by S 741, stakeholders should monitor the progress of the companion bill for the final provisions and implications for taxpayers and local governments.

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

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