This bill has been amended

Bill S6457-2013

Extends the provisions of chapter 185 of the laws of 2005, authorizing the county of Wyoming to impose a county recording tax on obligations secured by a mortgage on real property

Extends provisions of law relating to the authorization of the county of Wyoming to impose a recording tax on obligations secured by a mortgage on real property.

Details

Actions

  • Jun 19, 2014: SUBSTITUTED BY A8729
  • May 19, 2014: ADVANCED TO THIRD READING
  • May 14, 2014: 2ND REPORT CAL.
  • May 13, 2014: 1ST REPORT CAL.681
  • Jan 27, 2014: REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

Votes

VOTE: COMMITTEE VOTE: - Investigations and Government Operations - May 13, 2014
Ayes (8): Marcellino, Carlucci, Golden, Nozzolio, O'Mara, Hoylman, Diaz, Squadron
Ayes W/R (1): Zeldin

Memo

BILL NUMBER:S6457

TITLE OF BILL: An act to amend chapter 185 of the laws of 2005, amending the tax law relating to authorizing the county of Wyoming to impose a county recording tax on obligations secured by a mortgage on real property, in relation to the expiration thereof

PURPOSE:

This bill extends the expiration date authorizing the county of Wyoming to impose a county recording tax on obligations secured by a mortgage on real property.

SUMMARY OF PROVISIONS:

Section 1 states that the act that authorizes the county of Wyoming to impose a county recording tax on obligations secured by a mortgage on real property shall expire December 1, 2016.

Section 2 states that this act shall take effect immediately.

JUSTIFICATION:

On March 13, 2012, the Wyoming County Board of Supervisors passed a resolution requesting the state legislature to extend their taxing authority for a $.25 (per $100) mortgage recording tax. Article IX of the New York State Constitution requires local governments to receive state authorization to maintain the levy, collection, and administration of certain local taxes. On January 14, 2014, the Wyoming County Board of Supervisors passed a resolution requesting a two-year extension on the mortgage recording tax. This bill provides that extension.

LEGISLATIVE HISTORY:

New bill.

LOCAL FISCAL IMPLICATIONS:

One-quarter of one percent (0.25%) county line recording tax on mortgages on real property in Wyoming County.

EFFECTIVE DATE:

Immediately.


Text

STATE OF NEW YORK ________________________________________________________________________ 6457 IN SENATE January 27, 2014 ___________
Introduced by Sen. GALLIVAN -- 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 185 of the laws of 2005, amending the tax law relating to authorizing the county of Wyoming to impose a county recording tax on obligations secured by a mortgage on real property, in relation to the expiration 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 185 of the laws of 2005, amending the tax law relating to authorizing the county of Wyoming to impose a county recording tax on obligations secured by a mortgage on real property, as amended by chapter 230 of the laws of 2012, is amended to read as follows: S 2. This act shall take effect on the thirtieth day after it shall have become a law and shall expire December 1, [2014] 2016 when upon such date the provisions of this act shall be deemed repealed. 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