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Who cares
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Sponsors
No co-sponsors yet.
History
- Substituted by A9646
- Ordered to third reading cal.1737
- Committee discharged and committed to rules
- 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 extending the authorization for the county of Greene to impose an additional mortgage recording tax until 2018
Signed by Governor · Sponsor Peter Lopez
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend chapter 218 of the laws of 2009 amending the tax law relating to authorizing the county of Greene to impose an additional mortgage recording tax, in relation to extending the effectiveness thereof
Purpose
The purpose of the bill is to extend provisions authorizing Greene County to impose an additional mortgage recording tax for two years.
Summary of provisions
Section 1: Amends Section 2 of Chapter 218 of the laws of 2009, to extend the authorization of Greene County to enact a mortgage recording tax of fifty cents for each one hundred dollars of mortgage value until December 1, 2018.
Section 2: Provides for an effective date on the sixtieth day after it shall have become a law; and will expire and be deemed repealed on December 1, 2018.
Justification
The Greene County Legislature has requested the introduction of this legislation by Resolution No. 15-16 of 2016, adopted January 20, 2016. This is a home rule request by the duly elected representatives of the people of Greene County.
Given the rising costs of Medicaid, pension contributions, and health insurance, among other expenses, along with the 2% property tax cap, the County seeks continued authority to extend a mortgage recording tax at local option.
Legislative history
Chapter 222 of the Laws of 2014.
Fiscal implications
None to the state.
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.