S3721-2011 - NY Senate Open Legislation - Amends chapter 489 of the laws of 2004, relating to the mortgage recording tax in the county of Fulton, to extend the effectiveness of such chapter

Amends chapter 489 of the laws of 2004, relating to the mortgage recording tax in the county of Fulton, to extend the effectiveness of such chapter.

Sponsor: FARLEY
Law Section: Taxation / Law: Amd S2, Chap 489 of 2004

S3721-2011 Actions

Aug 15, 2011: SIGNED CHAP.393
Aug 5, 2011: DELIVERED TO GOVERNOR
Jun 16, 2011: returned to senate
Jun 16, 2011: passed assembly
Jun 16, 2011: home rule request
Jun 16, 2011: ordered to third reading rules cal.369
Jun 16, 2011: substituted for a5813
May 23, 2011: referred to ways and means
May 23, 2011: DELIVERED TO ASSEMBLY
May 23, 2011: PASSED SENATE
May 9, 2011: ADVANCED TO THIRD READING
May 4, 2011: 2ND REPORT CAL.
May 3, 2011: 1ST REPORT CAL.470
Mar 2, 2011: REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

S3721-2011 Meetings

Investigations and Government Operations: May 3, 2011

S3721-2011 Calendars

Active List: May 23, 2011 , Floor Calendar: May 4, 2011 , Floor Calendar: May 9, 2011 , Floor Calendar: May 10, 2011 , Floor Calendar: May 11, 2011 , Floor Calendar: May 16, 2011 , Floor Calendar: May 17, 2011 , Floor Calendar: May 18, 2011 , Floor Calendar: May 23, 2011

S3721-2011 Votes

VOTE: COMMITTEE VOTE: - Investigations and Government Operations - May 3, 2011

Ayes (4): Alesi, Nozzolio, Squadron, Diaz
Ayes W/R (4): Marcellino, Golden, Zeldin, Peralta

VOTE: FLOOR VOTE: - May 23, 2011

Ayes (59): Adams, Addabbo, Alesi, Avella, Ball, Bonacic, Breslin, Carlucci, DeFrancisco, Diaz, Dilan, Duane, Espaillat, Farley, Flanagan, Fuschillo, Gallivan, Gianaris, Golden, Griffo, Grisanti, Hannon, Huntley, Johnson, Kennedy, Klein, Krueger, Lanza, Larkin, LaValle, Libous, Little, Marcellino, Martins, Maziarz, McDonald, Montgomery, Nozzolio, O'Mara, Oppenheimer, Peralta, Perkins, Ranzenhofer, Ritchie, Rivera, Robach, Saland, Sampson, Savino, Serrano, Seward, Skelos, Smith, Squadron, Stavisky, Stewart-Cousin, Valesky, Young, Zeldin
Nays (1): Parker
Excused (2): Hassell-Thomps, Kruger

S3721-2011 Memo

BILL NUMBER:S3721

TITLE OF BILL:
An act
to amend chapter 489 of the laws of 2004, amending the tax law relating
to the mortgage recording tax in the county of Fulton, in relation to
the effectiveness of such chapter

PURPOSE:
To extend, for another two years, the ability of Fulton County to
collect an additional mortgage recording tax.

SUMMARY OF PROVISIONS:
The effective date of Chapter 489 of the Laws of 2004 -- which
authorized Fulton County to impose an additional mortgage recording
tax -- is amended to change the "sunset" date to November 30, 2013.

EXISTING LAW:
Chapter 489 of 2004 is currently scheduled to expire on November 30,
2011.

JUSTIFICATION:
In 2004, the Fulton County Board of Supervisors requested legislation
to impose an additional mortgage recording tax in order to help
address its financial needs. This authorization was subsequently
renewed in 2005, 2007 and 2009, and is currently scheduled to expire
on November 30, 2011. These revenues are a necessary part of the
County's financial plan, and this bill would extend, for another two
years, the authority of Fulton County to impose this additional
mortgage recording tax.

FISCAL IMPLICATIONS:
None to the State.

LOCAL FISCAL IMPLICATIONS:
Continues the current additional mortgage
recording tax revenues received by Fulton County.

EFFECTIVE DATE:
Immediate.

S3721-2011 Text

 S T A T E   O F   N E W   Y O R K
 
 S. 3721                                                  A. 5813
 2011-2012 Regular Sessions
 SENATE - ASSEMBLY
 March 2, 2011
 
 IN  SENATE -- Introduced by Sen. FARLEY -- read twice and ordered print
 ed, and when printed to be committed  to  the  Committee  on  Investi
 gations and Government Operations
 IN  ASSEMBLY  -- Introduced by M. of A. BUTLER -- read once and referred
 to the Committee on Ways and Means
 

AN ACT to amend chapter 489 of the laws of 2004, amending  the  tax  law
 relating  to  the  mortgage  recording tax in the county of Fulton, in
 relation to the effectiveness of such chapter
 THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM
 BLY, DO ENACT AS FOLLOWS:

 

Section  1.

Section 2 of chapter 489 of the laws of 2004, amending the
 tax law relating to the mortgage recording tax in the county of  Fulton,
 as  amended  by  chapter  156 of the laws of 2009, is amended to read as
 follows:

 

S 2. This act shall take effect immediately and shall expire  November
 30,  [2011] 2013 when upon such date the provisions of this act shall be
 deemed repealed.
 

S 2. This act shall take effect immediately.
 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09401-01-1

S3721-2011: Amends chapter 489 of the laws of 2004, relating to the mortgage recording tax in the county of Fulton, to extend the effectiveness of such chapter