senate Bill S4233

Signed by Governor

Extends provisions of law relating to the mortgage recording tax in the county of Steuben until December 1, 2014

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Sponsor

Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor
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actions

  • 24 / Mar / 2011
    • REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • 03 / May / 2011
    • 1ST REPORT CAL.490
  • 04 / May / 2011
    • 2ND REPORT CAL.
  • 09 / May / 2011
    • ADVANCED TO THIRD READING
  • 23 / May / 2011
    • PASSED SENATE
  • 23 / May / 2011
    • DELIVERED TO ASSEMBLY
  • 23 / May / 2011
    • REFERRED TO WAYS AND MEANS
  • 23 / May / 2011
    • SUBSTITUTED FOR A6647
  • 23 / May / 2011
    • ORDERED TO THIRD READING CAL.402
  • 23 / May / 2011
    • HOME RULE REQUEST
  • 23 / May / 2011
    • PASSED ASSEMBLY
  • 23 / May / 2011
    • RETURNED TO SENATE
  • 27 / May / 2011
    • DELIVERED TO GOVERNOR
  • 08 / Jun / 2011
    • SIGNED CHAP.74

Summary

Extends provisions of law relating to the mortgage recording tax in the county of Steuben until December 1, 2014.

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Bill Details

See Assembly Version of this Bill:
A6647
Versions:
S4233
Legislative Cycle:
2011-2012
Law Section:
Taxation
Laws Affected:
Amd §3, Chap 365 of 2005

Sponsor Memo

BILL NUMBER:S4233

TITLE OF BILL:
An act
to amend chapter 365 of the laws of 2005, amending the tax law relating
to the mortgage recording tax in the county of Steuben, in relation to
extending the provisions of such chapter

PURPOSE:
To authorize the Steuben County Legislature to adopt and amend local
laws imposing a twenty-five cent per each one hundred dollars
mortgage recording tax on obligations secured by a mortgage on real
property.

SUMMARY OF PROVISIONS:
The bill adds §253-y to tax law to authorize the Steuben County
Legislature to amend local laws to impose a twenty-five cent per each
one hundred dollars mortgage recording tax on obligations secured by
a mortgage on real property. The taxes are to be administered and
collected in the same manner as the taxes imposed under subdivision
one of §253 and paragraph (b) of §255 of this article. Each
enactment of a local law imposing a tax or repealing or suspending
such a tax shall take effect only on the first day of a calendar month.

EXISTING LAW:
§253, §255 of Tax Law

JUSTIFICATION:
The Steuben County Legislature passed a resolution requesting that the
New York State Legislature enact legislation permitting Steuben
County to increase the mortgage recording tax on obligations secured
by a mortgage on real property.

LEGISLATIVE HISTORY:
None.

FISCAL IMPLICATIONS:
None to the State.

EFFECTIVE DATE:
This act shall take effect immediately except that section two of this
act shall take effect on the thirtieth day after it shall have become
law, and shall expire and be deemed repealed on December 1, 2014.

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

    S. 4233                                                  A. 6647

                       2011-2012 Regular Sessions

                      S E N A T E - A S S E M B L Y

                             March 24, 2011
                               ___________

IN  SENATE -- Introduced by Sen. O'MARA -- read twice and ordered print-
  ed, and when printed to be committed  to  the  Committee  on  Investi-
  gations and Government Operations

IN  ASSEMBLY  --  Introduced  by  M.  of  A.  PALMESANO -- read once and
  referred to the Committee on Ways and Means

AN ACT to amend chapter 365 of the laws of 2005, amending  the  tax  law
  relating  to  the  mortgage recording tax in the county of Steuben, in
  relation to extending the provisions of such chapter

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1. Section 3 of chapter 365 of the laws of 2005, amending the
tax law relating to the mortgage recording tax in the county of Steuben,
as amended by chapter 447 of the laws of 2008, is  amended  to  read  as
follows:
  S 3. This act shall take effect immediately except that section two of
this  act  shall  take  effect  on the thirtieth day after it shall have
become a law and shall expire and be  deemed  repealed  on  December  1,
[2011] 2014.
  S 2. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10181-01-1

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