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A210Assembly2019-2020 SessionSame asS721

Extend Warren Mortgage Tax

Official title

“Extends Warren county's additional mortgage recording tax authorization until December 1, 2020”

Sponsor Dan StecAD-114Affects Finance
Status
Assembly Floor Calendar
Impact
3/10
Low
Outcome
Companion signed

Bill progress

Signed via S721

What's happening

This bill extends Warren County's authority to impose an additional mortgage recording tax until December 1, 2020.

Why it matters

  1. Provides Warren County with continued ability to generate local revenue. through the additional mortgage recording tax, which can help fund county services and infrastructure without raising other taxes.

  2. Impacts homebuyers and those refinancing property in Warren County. , as the extension means they will continue to pay the extra tax when recording a mortgage, potentially affecting closing costs.

  3. Reflects legislative support for local fiscal autonomy. , indicating that state lawmakers recognize the ongoing financial needs or priorities of Warren County specifically, rather than imposing a one-size-fits-all approach across all counties.

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Who cares

Headline styles

Extend Warren Mortgage Tax

Plain English, a few words. Used as the page title.

Sponsors

Primary sponsor
Dan Stec

Assembly Member · Assembly District 114

No co-sponsors yet.

History

  1. Substituted by S721
  2. Ordered to third reading rules cal.14
  3. Rules report cal.14
  4. Reported
  5. Reported referred to rules
  6. 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.

S721Senate

Extend Warren Mortgage Tax

Signed by Governor · Sponsor Betty Little

Impact 3 · LowSigned into law

Full text

1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗

STATE OF NEW YORK

210

2019-2020 Regular Sessions

IN ASSEMBLY (Prefiled)

January 9, 2019

Introduced by M. of A. STEC -- read once and referred to the Committee on Ways and Means

AN ACT to amend chapter 368 of the laws of 2008, amending the tax law relating to authorizing the county of Warren 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 368 of the laws of 2008, amending the tax law relating to authorizing the county of Warren to impose an additional mortgage recording tax, as amended by chapter 190 of the laws of 2016, is amended to read as follows:

§ 2. This act shall take effect immediately and shall expire and be deemed repealed December 1, [2018] 2020.

§ 2. This act shall take effect immediately and shall be deemed to have been in full force and effect on and after December 1, 2018.

EXPLANATION--Matter in italics (underscored) is new; matter in brackets

[ ] is old law to be omitted.

LBD06332-01-9

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.