§ 960 — Payment of taxes by loan corporations

New York § 960

• Jurisdiction: New York
• Law RPT: Real Property Tax
• Title 4: Acceptance of Taxes From Certain Loan Corporations
• Art. 9: Levy and Collection of Taxes

Text

§ 960. Payment of taxes by loan corporations. 1. Any municipal\ncorporation may, as provided in this title, accept payment of taxes,\nincluding special ad valorem levies and special assessments, on real\nproperty from any corporation organized under the laws of the state of\nNew York for the purpose of extending loans to taxpayers for the payment\nof taxes.\n 2. Upon such a payment, a conditional tax receipt shall be issued and\nthe amount thereof conditionally credited by the municipal corporation\nagainst the taxes due on the property for which payment is made, but\nsuch payment shall not extinguish the tax lien existing against such\nproperty until the conditional tax receipt is surrendered for\ncancellation to the municipal corporation.\n 3. Payments made pursuant to this section may be used by the municipal\ncorporation in the same manner as if made directly by the taxpayer.\n