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Sponsors
No co-sponsors yet.
History
- Substituted by A6314
- Advanced to third reading
- 2nd report cal.
- 1st report cal.852
- 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.
Authorizes the county of Schoharie to impose a county recording tax on obligation secured by a mortgage on real property
Signed by Governor · Sponsor Peter Lopez
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S4020
Title of bill
An act to amend chapter 333 of the laws of 2006 amending the tax law relating to authorizing the county of Schoharie to impose a county recording tax on obligation secured by a mortgage on real property, in relation to extending the effectiveness thereof
Purpose
To authorize Schoharie County to impose an additional mortgage recording tax of twenty five cents (25) for each one hundred dollars ($100) of mortgage value for a two year period.
Summary of provisions
The bill amends section 1210 of the tax law to extend the authorization for Schoharie County to impose an additional mortgage recording tax of twenty five cents (25) for each one hundred dollars ($100) of mortgage value through December 1, 2015.
Existing law
The current extension expires November 30, 2013.
Justification
The Schoharie County Board of Supervisors has adopted a resolution (No. 28) requesting that the state legislature introduce and pass legislation to authorize the county to impose an additional mortgage recording tax the period through November 30, 2015. This measure is a home rule request.
Legislative history
S. 1687 of 2011. Chapter 391.
Fiscal implications
None to the state.
Effective date
Immediate
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.