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Sponsors
Senator · Senate District 61
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History
- Signed chap.301
- Delivered to governor
- Returned to senate
- Passed assembly
- Home rule request
- Ordered to third reading cal.326
- Substituted for A6292
- Referred to ways and means
- Delivered to assembly
- Passed senateVote 59–2
- Advanced to third reading
- 2nd report cal.
Show 2 earlier actions
- 1st report cal.783
- 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 period during which the county of Genesee is authorized to impose a county recording tax on certain mortgage obligation
Assembly Floor Calendar · Sponsor Stephen Hawley
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S4381
Title of bill
An act to amend chapter 579 of the laws of 2004, amending the tax law relating to authorizing the county of Genesee to impose a county recording tax on certain mortgage obligation, in relation to extending the provisions of such chapter
Purpose and justification
The bill would extend the authority of Genesee County, acting through its local legislative body, to adopt a local law imposing a mortgage recording tax of 25 cents for each $100 of real property secured by a mortgage.
The Genesee County Legislature has passed a resolution requesting extension of its authority to charge a county mortgage recording tax. The tax is collected by the county the same time as the state mortgage recording taxes are. All revenue from the county tax, after deducting expenses of mortgage recording offices, goes to the general fund of Genesee County for use as the County Legislature approves.
Summary of specific provisions
Extends the authority of Genesee County to impose an additional county recording tax on certain mortgage obligations until November 1, 2017.
Prior legislative history
2009-10 - S.3175/A.6883 -- Chapter 117, Laws of 2009 2011-12 - S.4164/A.6576 -- Chapter 394, Laws of 2011 2013-14 - S.4437/A.6732 - Chapter 117, Laws of 2013
Fiscal implications
In 2014, Genesee County received in excess of $788,000 in revenue from this additional mortgage tax.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.