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Who cares
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Sponsors
No co-sponsors yet.
History
- Substituted by A6682
- Advanced to third reading
- 2nd report cal.
- 1st report cal.880
- 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.
Relates to the mortgage recording tax in the county of Tompkins
Signed by Governor · Sponsor Barbara Lifton
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S4661
Title of bill
An act to amend the tax law, in relation to the mortgage recording tax in the county of Tompkins
Purpose
To authorize the dedication of proceeds from the Tompkins County Mortgage Recording Tax (MRT) "additional tax" to be collected by the county treasurer for mass transportation purposes.
Summary of provisions
The bill adds section j-1 to tax law section 261 (1) to authorize the dedication of proceeds from the MRT "additional tax" for mass transportation purposes.
Existing law
Section 261 (1), section 253 (2) (a) of Tax Law
Justification
The Tompkins County Legislature passed a resolution requesting that the MRT "additional tax" proceeds be dedicated for mass transit, in state law. The county already has authority to raise the " additional tax" under section 253 (2) (a) of Tax Law, for an additional $.25 per $100 of mortgage value.
Legislative history
New legislation.
Fiscal implications
None to State.
Effective date
Immediately
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.