RECOMMENDATION(S):
AUTHORIZE the Tax Collector, or designee, to accept partial payments of defaulted taxes as provided in Revenue and Taxation Code section 4143.
FISCAL IMPACT:
It is anticipated that the acceptance of partial payments of defaulted taxes under Revenue and Taxation Code section 4143 will generate a small increase in revenue. The amount of receipts that will be generated depends on the number of taxpayers who make a partial payment of such taxes pursuant to this section.
BACKGROUND:
The Tax Collector currently is able to accept partial payments of defaulted taxes on a payment installment plan as provided in Revenue and Taxation Code section 4143 et seq. The taxpayer is required to make a payment of at least 20 percent of the defaulted amount each year for five consecutive years under such an installment plan, in addition to current taxes. Some taxpayers, such as those possibly facing bankruptcy, cannot afford to make a 20 percent payment of their defaulted taxes or are unable to commit to make a 20 percent payment of their defaulted amount for five consecutive years.
|