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Sponsors
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History
- Signed chap.234
- Delivered to governor
- Returned to senate
- Passed assembly
- Home rule request
- Ordered to third reading cal.849
- Substituted for A9218
- Referred to ways and means
- Delivered to assembly
- Passed senateVote 57–1
- Advanced to third reading
- 2nd report cal.
Show 2 earlier actions
- 1st report cal.687
- 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 effectiveness of chapter 405 of the laws of 2005 for two years relating to authorization for the county of Albany to impose a mortgage recording tax
Assembly Floor Calendar · Sponsor Patricia Fahy
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S6925
Title of bill
An act to amend chapter 405 of the laws of 2005 amending the tax law relating to authorizing the county of Albany to impose a county recording tax on obligations secured by a mortgage on real property, in relation to extending the effectiveness thereof
Purpose
Extends the effectiveness of chapter 311 of the laws of 2012 for two years.
Summary of provisions
Amends chapter 311 of 2012, extending the sunset from December 1, 2014 to December 1, 2016.
Justification
Currently, the county of Albany's mortgage recording tax is slated to sunset on December 1, 2014. In order for the county to continue generating revenue, the sunset must be extended. By imposing a tax of twenty-five cents for each one hundred dollars secured by a mortgage in Albany County, this measure would help generate revenue for the County and help to relieve the burdens placed on local taxpayers.
Legislative history
2012: Chapter 311 2010: Chapter 291 2008: Chapter 411 2006: Chapter 477 2005: Chapter 405
Fiscal implications
None to the State.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.