Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Sep 23, 2014 |
signed chap.389 |
Sep 11, 2014 |
delivered to governor |
Jun 19, 2014 |
returned to senate passed assembly home rule request ordered to third reading rules cal.558 substituted for a9316 |
Jun 19, 2014 |
substituted by s6965 rules report cal.558 reported reported referred to rules |
Apr 09, 2014 |
referred to ways and means |
Assembly Bill A9316
Signed By Governor2013-2014 Legislative Session
Sponsored By
PALUMBO
Archive: Last Bill Status Via S6965 - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
co-Sponsors
Fred Thiele
2013-A9316 (ACTIVE) - Details
- See Senate Version of this Bill:
- S6965
- Law Section:
- Tax Law
- Laws Affected:
- Amd §1449-ee, Tax L
2013-A9316 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ S. 6965 A. 9316 S E N A T E - A S S E M B L Y April 9, 2014 ___________ IN SENATE -- Introduced by Sen. LAVALLE -- 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. PALUMBO, THIELE -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to exempting primary residen- tial property purchased by first-time homebuyers meeting certain income and purchase price requirements from the tax on real estate transfers in the town of Southold, county of Suffolk THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision 4 of section 1449-ee of the tax law, as added by chapter 349 of the laws of 2008, is amended to read as follows: 4. Primary residential property purchased by one or more persons, each of whom is a first-time homebuyer shall be exempt from the payment of the real estate transfer tax, in the towns of Southampton, East Hampton [and], Shelter Island AND SOUTHOLD, provided that: (a)(1) IN THE TOWNS OF SOUTHAMPTON, EAST HAMPTON AND SHELTER ISLAND, the primary residential property is within one hundred twenty percent of the purchase price limits defined by the state of New York mortgage agency low interest rate mortgage program in the non-target one family categories for Suffolk county in effect on THE contract date for the sale of such property; (2) IN THE TOWN OF SOUTHOLD, THE PRIMARY RESIDENTIAL PROPERTY IS WITH- IN SIXTY PERCENT OF THE PURCHASE PRICE LIMITS DEFINED BY THE STATE OF NEW YORK MORTGAGE AGENCY LOW INTEREST RATE MORTGAGE PROGRAM IN THE NON- TARGET ONE FAMILY CATEGORIES FOR SUFFOLK COUNTY IN EFFECT ON THE CONTRACT DATE FOR THE SALE OF SUCH PROPERTY; and (b) the buyer's household income does not exceed the income limits defined by the state of New York mortgage agency low interest rate mort- gage program in the non-target, one and two person household category for Suffolk county in effect on the contract date for the sale of such property. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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