Bill S4020-2013

Authorizes the county of Schoharie to impose a county recording tax on obligation secured by a mortgage on real property

Extends the authorization of the county of Schoharie to impose a county recording tax on obligation secured by a mortgage on real property until 2015.

Details

Actions

  • Jun 21, 2013: SUBSTITUTED BY A6314
  • Jun 4, 2013: ADVANCED TO THIRD READING
  • Jun 3, 2013: 2ND REPORT CAL.
  • May 30, 2013: 1ST REPORT CAL.852
  • Mar 5, 2013: REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

Votes

VOTE: COMMITTEE VOTE: - Investigations and Government Operations - May 30, 2013
Ayes (7): Marcellino, Carlucci, Golden, Nozzolio, O'Mara, Hoylman, Squadron
Ayes W/R (1): Zeldin
Excused (1): Diaz

Memo

BILL NUMBER:S4020

TITLE OF BILL: An act to amend chapter 333 of the laws of 2006 amending the tax law relating to authorizing the county of Schoharie to impose a county recording tax on obligation secured by a mortgage on real property, in relation to extending the effectiveness thereof

PURPOSE: To authorize Schoharie County to impose an additional mortgage recording tax of twenty five cents (25›) for each one hundred dollars ($100) of mortgage value for a two year period.

SUMMARY OF PROVISIONS: The bill amends section 1210 of the tax law to extend the authorization for Schoharie County to impose an additional mortgage recording tax of twenty five cents (25›) for each one hundred dollars ($100) of mortgage value through December 1, 2015.

EXISTING LAW: The current extension expires November 30, 2013.

JUSTIFICATION: The Schoharie County Board of Supervisors has adopted a resolution (No. 28) requesting that the state legislature introduce and pass legislation to authorize the county to impose an additional mortgage recording tax the period through November 30, 2015. This measure is a home rule request.

LEGISLATIVE HISTORY: S. 1687 of 2011. Chapter 391.

FISCAL IMPLICATIONS: None to the state.

EFFECTIVE DATE: Immediate


Text

STATE OF NEW YORK ________________________________________________________________________ 4020 2013-2014 Regular Sessions IN SENATE March 5, 2013 ___________
Introduced by Sen. SEWARD -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend chapter 333 of the laws of 2006 amending the tax law relating to authorizing the county of Schoharie to impose a county recording tax on obligation secured by a mortgage on real property, in relation to extending the effectiveness thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 2 of chapter 333 of the laws of 2006, amending the tax law relating to authorizing the county of Schoharie to impose a county recording tax on obligation secured by a mortgage on real proper- ty, as amended by chapter 391 of the laws of 2011, is amended to read as follows: S 2. This act shall take effect immediately and shall expire and be deemed repealed on and after December 1, [2013] 2015. S 2. This act shall take effect immediately.

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