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Who cares
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Sponsors
No co-sponsors yet.
History
- Substituted by A8708
- Ordered to third reading cal.650
- Committee discharged and committed to rules
- Referred to investigations and government operations
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Extends the authorization for an additional real estate transfer tax in Columbia county until 2011
Signed by Governor · Sponsor Timothy P. Gordon
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend chapter 556 of the laws of 2007 relating to imposing an additional real estate transfer tax within the county of Columbia, in relation to extending the provisions of such chapter
Purpose
This bill will enable Columbia County to continue to collect an additional transfer tax on the conveyance of real property.
Summary of provisions
Section 1 amends section 2 of chapter 556 of the laws of 2007. Section 2 provides for the extension of the the repeal date through 2011. Section 3 provides the effective date which is immediately.
Justification
The Columbia County Board of Supervisors requested legislation to enable the county to impose an additional transfer tax to be used toward the financing of the county's capital expenditures and public improvement projects. Since 2007, the county has collected this tax and has reduced its dependence on the real property tax to address their fiscal needs. This bill will allow the County to continue to impose this tax.
Legislative history
New bill.
Fiscal implications
None to the state.
Local fiscal implications
Allows the county to continue to collect an additional transfer tax at the rate of $1 per $500 on real property conveyances. Exempts the first $150,000 on the sale of a single family residence.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.