Extends provisions authorizing the county of Cortland to impose an additional mortgage recording tax until November 30, 2013.

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S5026-2011 Actions

• Aug 15, 2011: SIGNED CHAP.396
• Aug 5, 2011: DELIVERED TO GOVERNOR
• Jun 16, 2011: returned to senate
• Jun 16, 2011: passed assembly
• Jun 16, 2011: home rule request
• Jun 15, 2011: ordered to third reading rules cal.254
• Jun 15, 2011: substituted for a7514
• Jun 6, 2011: referred to ways and means
• Jun 6, 2011: DELIVERED TO ASSEMBLY
• Jun 6, 2011: PASSED SENATE
• Jun 1, 2011: ADVANCED TO THIRD READING
• May 25, 2011: 2ND REPORT CAL.
• May 24, 2011: 1ST REPORT CAL.837
• May 2, 2011: REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

S5026-2011 Meetings

Investigations and Government Operations: May 24, 2011

S5026-2011 Calendars

Active List: Jun 6, 2011 , Floor Calendar: May 25, 2011 , Floor Calendar: Jun 1, 2011 , Floor Calendar: Jun 2, 2011 , Floor Calendar: Jun 6, 2011

S5026-2011 Votes

S5026-2011 Memo

BILL NUMBER:S5026                REVISED 05/04/11

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, 2013.

EXISTING LAW:
The current authorization expires on December 1, 2011.

JUSTIFICATION:
The Cortland County Legislature has requested the
introduction of this legislation by resolution 112-11.

FISCAL IMPLICATIONS:
None to the state.

LEGISLATIVE HISTORY:
The law was previously extended by Chapter 257 of
the laws of 2009.

EFFECTIVE DATE:
Immediately.

S5026-2011 Text

                      S T A T E   O F   N E W   Y O R K
  ________________________________________________________________________

                                    5026

                         2011-2012 Regular Sessions

                              I N  SENATE

                                 May 2, 2011
                                 ___________

  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 257 of the laws
  of 2009, 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,
  [2011] 2013.
    S 2. This act shall take effect immediately.





   EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                        [ ] is old law to be omitted.
                                                             LBD05740-01-1