Bill S7717-2009

Extends the authorization for the county of Herkimer to impose a county recording tax on obligation secured by a mortgage on real property until 2012

Extends the authorization for the county of Herkimer to impose a county recording tax on obligation secured by a mortgage on real property until 2012.

Details

Actions

  • Oct 1, 2010: SIGNED CHAP.542
  • Sep 20, 2010: DELIVERED TO GOVERNOR
  • Jun 22, 2010: returned to senate
  • Jun 22, 2010: passed assembly
  • Jun 22, 2010: home rule request
  • Jun 22, 2010: ordered to third reading rules cal.267
  • Jun 22, 2010: substituted for a10975
  • Jun 18, 2010: referred to ways and means
  • Jun 18, 2010: DELIVERED TO ASSEMBLY
  • Jun 18, 2010: PASSED SENATE
  • Jun 18, 2010: HOME RULE REQUEST
  • Jun 14, 2010: ADVANCED TO THIRD READING
  • Jun 10, 2010: 2ND REPORT CAL.
  • Jun 9, 2010: 1ST REPORT CAL.920
  • May 4, 2010: REFERRED TO LOCAL GOVERNMENT

Votes

VOTE: COMMITTEE VOTE: - Local Government - Jun 9, 2010
Ayes (6): Stewart-Cousins, Oppenheimer, Valesky, Thompson, Johnson C, Little
Ayes W/R (1): Bonacic
Excused (1): Morahan

Memo

BILL NUMBER:S7717

TITLE OF BILL: An act to amend chapter 549 of the laws of 2005 amending the tax law relating to authorizing the county of Herkimer to impose a county recording tax on obligation secured by a mortgage on real property, in relation to the expiration thereof

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

SUMMARY OF PROVISIONS: Amends section 2 of chapter 549 of the laws of 2005 to authorize Herkimer County to enact a mortgage recording tax of twenty-five cents for each one hundred dollars of debt until December 1, 2012.

EXISTING LAW: The current authorization expires on December 1, 2010.

JUSTIFICATION: The Herkimer County Legislature has requested the introduction of this legislation by Resolution No. 129.

LEGISLATIVE HISTORY: Chapter 549 of the laws of 2005.

FISCAL IMPLICATIONS: None to the state.

EFFECTIVE DATE: Immediately.


Text

STATE OF NEW YORK ________________________________________________________________________ 7717 IN SENATE May 4, 2010 ___________
Introduced by Sen. SEWARD -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government AN ACT to amend chapter 549 of the laws of 2005 amending the tax law relating to authorizing the county of Herkimer to impose a county recording tax on obligation 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 549 of the laws of 2005 amending the tax law, relating to authorizing the county of Herkimer to impose a county recording tax on obligation secured by a mortgage on real proper- ty, as amended by chapter 481 of the laws of 2008, is amended to read as follows: S 2. This act shall take effect immediately and shall expire and be deemed repealed on December 1, [2010] 2012. S 2. This act shall take effect immediately.

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