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S4233Senate2011-2012 SessionSame asA6647

Extends provisions of law relating to the mortgage recording tax in the county of Steuben until December 1, 2014

Sponsor Thomas F. O'MaraSD-53Affects Finance
Status
Signed by Governor
Impact
Pending
Outcome
Signed into law

Bill progress

Signed into law

What's happening

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Who cares

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Sponsors

Primary sponsor
Thomas F. O'Mara

Senator · Senate District 53

Chair, Elections

No co-sponsors yet.

History

  1. Signed chap.74
  2. Delivered to governor
  3. Returned to senate
  4. Passed assembly
  5. Home rule request
  6. Ordered to third reading cal.402
  7. Substituted for A6647
  8. Referred to ways and means
  9. Delivered to assembly
  10. Passed senateVote 59–1
  11. Advanced to third reading
  12. 2nd report cal.
Show 2 earlier actions
  1. 1st report cal.490
  2. 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.

A6647Assembly

Extends provisions of law relating to the mortgage recording tax in the county of Steuben until December 1, 2014

Assembly Floor Calendar · Sponsor Philip Palmesano

Full text

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

Sponsor's memo

BILL NUMBER:S4233

Title of bill

An act to amend chapter 365 of the laws of 2005, amending the tax law relating to the mortgage recording tax in the county of Steuben, in relation to extending the provisions of such chapter

Purpose

To authorize the Steuben County Legislature to adopt and amend local laws imposing a twenty-five cent per each one hundred dollars mortgage recording tax on obligations secured by a mortgage on real property.

Summary of provisions

The bill adds §253-y to tax law to authorize the Steuben County Legislature to amend local laws to impose a twenty-five cent per each one hundred dollars mortgage recording tax on obligations secured by a mortgage on real property. The taxes are to be administered and collected in the same manner as the taxes imposed under subdivision one of §253 and paragraph (b) of §255 of this article. Each enactment of a local law imposing a tax or repealing or suspending such a tax shall take effect only on the first day of a calendar month.

Existing law

§253, §255 of Tax Law

Justification

The Steuben County Legislature passed a resolution requesting that the New York State Legislature enact legislation permitting Steuben County to increase the mortgage recording tax on obligations secured by a mortgage on real property.

Legislative history

None.

Fiscal implications

None to the State.

Effective date

This act shall take effect immediately except that section two of this act shall take effect on the thirtieth day after it shall have become law, and shall expire and be deemed repealed on December 1, 2014.

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