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S4040Senate2009-2010 Session

Relates to extending the authorization for the imposition of a mortgage recording tax imposed in Dutchess county

Sponsor Stephen M. SalandSD-41Affects Legal
Status
In Senate Committee
Investigations And Government Operations
Impact
Pending
Passage
Pending

Bill progress

Step 2 of 7

In committee · Investigations And Government Operations

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Who cares

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Sponsors

Primary sponsor
Stephen M. Saland

Senator · Senate District 41

No co-sponsors yet.

History

  1. Referred to investigations and government operations
  2. Committed to rules
  3. Advanced to third reading
  4. 2nd report cal.
  5. 1st report cal.595
  6. Referred to investigations and government operations

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

Title of bill

An act to amend chapter 558 of the laws of 2007 amending the tax law relating to the mortgage recording tax imposed in Dutchess county, in relation to extending the effectiveness of such provisions

Purpose

To authorize Dutchess County to extend a local law imposing a mortgage recording tax of twenty-five cents for each one hundred dollars.

Summary of provisions

Section 1 amends the tax law relating to the mortgage recording tax imposed in Dutchess County.

Section 2 extends the law until December 1, 2011.

Section 3 establishes an immediate effective date.

Existing law

The current law is set to expire December 1, 2009.

Justification

Dutchess County has requested that legislation be introduced to authorize the extension of the county's mortgage recording tax to meet local fiscal considerations.

Legislative history

Chapter 558 of the Laws of 2007.

Fiscal implications

Increased local revenue anticipated.

Effective date

Immediately.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.