senate Bill S6788

Signed by Governor Amended

Extends provisions of the Wyoming county mortgage recording tax

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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

  • 22 / Mar / 2012
    • REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • 02 / May / 2012
    • 1ST REPORT CAL.702
  • 07 / May / 2012
    • 2ND REPORT CAL.
  • 08 / May / 2012
    • ADVANCED TO THIRD READING
  • 14 / May / 2012
    • AMENDED ON THIRD READING 6788A
  • 23 / May / 2012
    • PASSED SENATE
  • 23 / May / 2012
    • DELIVERED TO ASSEMBLY
  • 23 / May / 2012
    • REFERRED TO WAYS AND MEANS
  • 18 / Jun / 2012
    • SUBSTITUTED FOR A9697A
  • 18 / Jun / 2012
    • ORDERED TO THIRD READING RULES CAL.310
  • 19 / Jun / 2012
    • HOME RULE REQUEST
  • 19 / Jun / 2012
    • PASSED ASSEMBLY
  • 19 / Jun / 2012
    • RETURNED TO SENATE
  • 06 / Jul / 2012
    • DELIVERED TO GOVERNOR
  • 18 / Jul / 2012
    • SIGNED CHAP.230

Summary

Extends provisions of the Wyoming county mortgage recording tax from December 1, 2012 until December 1, 2014.

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Bill Details

Versions:
S6788
S6788A
Legislative Cycle:
2011-2012
Law Section:
Tax Law
Laws Affected:
Amd ยง2, Chap 185 of 2005

Votes

5
1
5
Aye
1
Nay
2
aye with reservations
0
absent
0
excused
0
abstained
show Investigations and Government Operations committee vote details
nay (1)
aye wr (2)

Sponsor Memo

BILL NUMBER:S6788

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:
Continues Wyoming County's Mortgage Recording Tax of $.25 per $100 of
principal debt or obligation.

SUMMARY OF PROVISIONS:
Continues a recording tax on mortgages in Wyoming County.

JUSTIFICATION:
On March 13, 2012 the Wyoming County Board of Supervisors unanimously
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.

LEGISLATIVE HISTORY:
S.80 (Volker)/A.312 (Burling) - Chapter 185 of 2005.

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.

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

                                  6788

                            I N  S E N A T E

                             March 22, 2012
                               ___________

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 506 of the laws  of  2010,  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,  [2012]  2017  when  upon
such date the provisions of this act shall be deemed repealed.
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15101-01-2

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