senate Bill S4020

Authorizes the county of Schoharie to impose a county recording tax on obligation secured by a mortgage on real property

download pdf

Sponsor

Bill Status


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

actions

  • 05 / Mar / 2013
    • REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • 30 / May / 2013
    • 1ST REPORT CAL.852
  • 03 / Jun / 2013
    • 2ND REPORT CAL.
  • 04 / Jun / 2013
    • ADVANCED TO THIRD READING
  • 21 / Jun / 2013
    • SUBSTITUTED BY A6314

Summary

Extends the authorization of the county of Schoharie to impose a county recording tax on obligation secured by a mortgage on real property until 2015.

do you support this bill?

Bill Details

See Assembly Version of this Bill:
A6314
Versions:
S4020
Legislative Cycle:
2013-2014
Law Section:
Taxation
Laws Affected:
Amd §2, Chap 333 of 2006
Versions Introduced in Previous Legislative Cycles:
2011-2012: S1687, A4960
2009-2010: S5850, A8831

Votes

7
0
7
Aye
0
Nay
1
aye with reservations
0
absent
1
excused
0
abstained
show Investigations and Government Operations committee vote details

Sponsor Memo

BILL NUMBER:S4020

TITLE OF BILL: An act to amend chapter 333 of the laws of 2006
amending the tax law relating to authorizing the county of Schoharie
to impose a county recording tax on obligation secured by a mortgage
on real property, in relation to extending the effectiveness thereof

PURPOSE: To authorize Schoharie County to impose an additional
mortgage recording tax of twenty five cents (25›) for each one hundred
dollars ($100) of mortgage value for a two year period.

SUMMARY OF PROVISIONS: The bill amends section 1210 of the tax law to
extend the authorization for Schoharie County to impose an additional
mortgage recording tax of twenty five cents (25›) for each one hundred
dollars ($100) of mortgage value through December 1, 2015.

EXISTING LAW: The current extension expires November 30, 2013.

JUSTIFICATION: The Schoharie County Board of Supervisors has adopted a
resolution (No. 28) requesting that the state legislature introduce
and pass legislation to authorize the county to impose an additional
mortgage recording tax the period through November 30, 2015. This
measure is a home rule request.

LEGISLATIVE HISTORY: S. 1687 of 2011. Chapter 391.

FISCAL IMPLICATIONS: None to the state.

EFFECTIVE DATE: Immediate

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

                                  4020

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                              March 5, 2013
                               ___________

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 333 of the laws of 2006  amending  the  tax  law
  relating  to  authorizing  the  county of Schoharie to impose a county
  recording tax on obligation secured by a mortgage on real property, in
  relation to extending the effectiveness 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 333 of the laws of 2006, amending the
tax law relating to authorizing the county  of  Schoharie  to  impose  a
county recording tax on obligation secured by a mortgage on real proper-
ty, as amended by chapter 391 of the laws of 2011, is amended to read as
follows:
  S  2.  This  act shall take effect immediately and shall expire and be
deemed repealed on and after December 1, [2013] 2015.
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09447-01-3

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.