What's happening
This bill extends Greene County's authority to impose an additional mortgage recording tax until December 1, 2020.
Why it matters
Maintains a revenue stream for Greene County. By allowing the county to continue collecting the additional mortgage recording tax, this extension helps fund local government services, infrastructure, or other county priorities that may rely on these revenues.
Affects homebuyers and real estate transactions. Individuals and businesses purchasing real estate in Greene County will continue to pay this extra tax, which could slightly increase the overall cost of property transactions.
Provides fiscal stability and planning time. The extension gives county officials certainty about this revenue source for two more years, allowing for more stable budgeting and planning for county programs and obligations.
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Who cares
Headline styles
Extend Greene Mortgage Tax
Plain English, a few words. Used as the page title.
Sponsors
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History
- Reported referred to rules
- Referred to ways and means
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.
Extend Greene County Mortgage Tax
In Assembly Committee · Ways And Means · Sponsor George Amedore
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
10910
IN ASSEMBLY
May 29, 2018
Introduced by M. of A. TAGUE -- read once and referred to the Committee on Ways and Means
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
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Section 2 of 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, as amended by chapter 129 of the laws of 2016, is amended to read as follows:
§ 2. This act shall take effect on the sixtieth day after it shall have become a law and shall expire and be deemed repealed December 1, [2018] 2020.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD14535-01-8
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.