Bill S6501-2011

Extends from December 1, 2012 until December 1, 2015, the expiration of the authority of the county of Hamilton to impose a mortgage tax

Extends from December 1, 2012 until December 1, 2015, the expiration of the authority of the county of Hamilton to impose a mortgage tax.

Details

Actions

  • Jul 18, 2012: SIGNED CHAP.216
  • Jul 6, 2012: DELIVERED TO GOVERNOR
  • Jun 19, 2012: returned to senate
  • Jun 19, 2012: passed assembly
  • Jun 19, 2012: home rule request
  • Jun 14, 2012: ordered to third reading rules cal.196
  • Jun 14, 2012: substituted for a9338
  • Jun 6, 2012: referred to ways and means
  • Jun 6, 2012: DELIVERED TO ASSEMBLY
  • Jun 6, 2012: PASSED SENATE
  • May 31, 2012: ADVANCED TO THIRD READING
  • May 30, 2012: 2ND REPORT CAL.
  • May 23, 2012: 1ST REPORT CAL.905
  • Feb 16, 2012: REFERRED TO LOCAL GOVERNMENT

Meetings

Calendars

Votes

VOTE: COMMITTEE VOTE: - Local Government - May 23, 2012
Ayes (7): Martins, Little, McDonald, Ritchie, Stewart-Cousins, Oppenheimer, Klein
Ayes W/R (1): Ball

Memo

BILL NUMBER:S6501

TITLE OF BILL: An act to amend chapter 326 of the laws of 2006, amending the tax law relating to authorizing the county of Hamilton to impose a county recording tax on obligations secured by mortgages on real property, in relation to extending the expiration thereof

PURPOSE: Extends from December 1, 2012 until December 1, 2015, the expiration of the authority of the county of Hamilton to impose a mortgage tax.

SUMMARY OF PROVISIONS: Section 1: amends section 2 of chapter 236 of the laws of 2006 to extend the expiration date of mortgage recording tax imposition by Hamilton County to December 1, 2015.

Section 2: contains the effective date.

EXISTING LAW: Section 2 of chapter 326 of the laws of 2006 which granted Hamilton County the authority to impose an additional mortgage recording tax expires on December 1, 2012.

JUSTIFICATION: The Hamilton County Board of Supervisors has requested the introduction of legislation extending their authority to impose an additional mortgage recording tax to December 1, 2015.

LEGISLATIVE HISTORY: New Bill.

FISCAL IMPLICATIONS: None to the state.

LOCAL FISCAL IMPLICATIONS: Hamilton County estimates $90,000 in revenue.

EFFECTIVE DATE: This act shall take effect immediately.


Text

STATE OF NEW YORK ________________________________________________________________________ S. 6501 A. 9338 S E N A T E - A S S E M B L Y February 16, 2012 ___________
IN SENATE -- Introduced by Sen. LITTLE -- read twice and ordered print- ed, and when printed to be committed to the Committee on Local Govern- ment IN ASSEMBLY -- Introduced by M. of A. SAYWARD -- read once and referred to the Committee on Ways and Means AN ACT to amend chapter 326 of the laws of 2006, amending the tax law relating to authorizing the county of Hamilton to impose a county recording tax on obligations secured by mortgages on real property, in relation to extending 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 326 of the laws of 2006, amending the tax law relating to authorizing the county of Hamilton to impose a coun- ty recording tax on obligations secured by mortgages on real property, as amended by chapter 187 of the laws of 2009, is amended to read as follows: S 2. This act shall take effect immediately and shall expire and be deemed repealed December 1, [2012] 2015. S 2. This act shall take effect immediately.

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