Bill S5047-2013

Extends provisions authorizing the county of Cortland to impose an additional mortgage recording tax

Extends provisions authorizing the county of Cortland to impose an additional mortgage recording tax until November 30, 2015.

Details

Actions

  • Jun 21, 2013: SUBSTITUTED BY A7513
  • Jun 4, 2013: ADVANCED TO THIRD READING
  • Jun 3, 2013: 2ND REPORT CAL.
  • May 30, 2013: 1ST REPORT CAL.896
  • May 7, 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:S5047

TITLE OF BILL: An act to amend chapter 443 of the laws of 2007 amending the tax law relating to authorizing the county of Cortland to impose an additional mortgage recording tax, in relation to extending the effectiveness of such provisions

PURPOSE:

The purpose of the bill is to extend provisions authorizing Cortland County to impose an additional mortgage recording tax for two years.

SUMMARY OF PROVISIONS:

Amends section 2 of chapter 443 of the laws of 2007, authorizing Cortland County to enact an additional mortgage recording tax of twenty-five cents for each one hundred dollars of debt until December 1, 2015.

EXISTING LAW:

The current authorization expires on December 1, 2013.

JUSTIFICATION:

The Cortland County Legislature has requested the introduction of this legislation by a resolution.

LEGISLATIVE HISTORY:

The law was previously extended by chapter 396 of the laws of 2011.

FISCAL IMPLICATIONS:

None to the state.

EFFECTIVE DATE:

Immediately.


Text

STATE OF NEW YORK ________________________________________________________________________ 5047 2013-2014 Regular Sessions IN SENATE May 7, 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 443 of the laws of 2007 amending the tax law relating to authorizing the county of Cortland to impose an additional mortgage recording tax, in relation to extending the effectiveness of such provisions THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 2 of chapter 443 of the laws of 2007 amending the tax law relating to authorizing the county of Cortland to impose an additional mortgage recording tax, as amended by chapter 396 of the laws of 2011, is amended to read as follows: S 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, [2013] 2015. S 2. This act shall take effect immediately.

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Discuss!

blog comments powered by Disqus