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Sponsors
Senator · Senate District 59
No co-sponsors yet.
History
- Substituted by A8729
- Advanced to third reading
- 2nd report cal.
- 1st report cal.681
- 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 provisions of chapter 185 of the laws of 2005, authorizing the county of Wyoming to impose a county recording tax on obligations secured by a mortgage on real property
Signed by Governor · Sponsor David DiPietro
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S6457
Title of bill
An act to amend chapter 185 of the laws of 2005, amend- ing the tax law relating to authorizing the county of Wyoming to impose a county recording tax on obligations secured by a mortgage on real property, in relation to the expiration thereof
Purpose
This bill extends the expiration date authorizing the county of Wyoming to impose a county recording tax on obligations secured by a mortgage on real property.
Summary of provisions
Section 1 states that the act that authorizes the county of Wyoming to impose a county recording tax on obligations secured by a mortgage on real property shall expire December 1, 2016.
Section 2 states that this act shall take effect immediately.
Justification
On March 13, 2012, the Wyoming County Board of Supervisors passed a resolution requesting the state legislature to extend their taxing authority for a $.25 (per $100) mortgage recording tax. Article IX of the New York State Constitution requires local governments to receive state authorization to maintain the levy, collection, and administration of certain local taxes. On January 14, 2014, the Wyoming County Board of Supervisors passed a resolution requesting a two-year extension on the mortgage recording tax. This bill provides that extension.
Legislative history
New bill.
Local fiscal implications
One-quarter of one percent (0.25%) county line recording tax on mort- gages on real property in Wyoming County.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.