senate Bill S4620

Extends an additional real estate transfer tax within the county of Columbia until 2015

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Sponsor

Bill Status


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

actions

  • 16 / Apr / 2013
    • REFERRED TO LOCAL GOVERNMENT
  • 13 / May / 2013
    • COMMITTEE DISCHARGED AND COMMITTED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • 30 / May / 2013
    • 1ST REPORT CAL.875
  • 03 / Jun / 2013
    • 2ND REPORT CAL.
  • 04 / Jun / 2013
    • ADVANCED TO THIRD READING
  • 21 / Jun / 2013
    • SUBSTITUTED BY A6827

Summary

Extends an additional real estate transfer tax within the county of Columbia until 2015.

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Bill Details

See Assembly Version of this Bill:
A6827
Versions:
S4620
Legislative Cycle:
2013-2014
Law Section:
Real Property Taxation
Laws Affected:
Amd ยง2, Chap 556 of 2007

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:S4620

TITLE OF BILL: An act to amend chapter 556 of the laws of 2007
relating to imposing an additional real estate transfer tax within the
county of Columbia, in relation to extending the provisions of such
chapter

PURPOSE:

This bill will extend the authorization for an additional real estate
transfer tax in Columbia County until December 31, 2015.

SUMMARY OF PROVISIONS:

Section 1 amends section 2 of Chapter 556 of the Laws of 2007 to
provide for the extension of the repeal date through 2015.

Section 2 sets forth an immediate effective date.

JUSTIFICATION:

The Columbia County Board of Supervisors requested legislation to
enable the county to impose an additional transfer tax to be used
toward the financing of the county's capital expenditures and public
improvement projects. Since 2007, the county has collected this tax
and has reduced its dependence on the real property tax to address
their fiscal needs. This bill will allow the County to continue to
impose this tax.

LEGISLATIVE HISTORY:

Chapter 474 of the Laws of 2011 Chapter 193 of the Laws of 2009

FISCAL IMPLICATIONS:

None.

LOCAL FISCAL IMPLICATIONS:

Allows the county to continue to collect an additional transfer tax at
the rate of $1 per $500 on real property conveyances. Exempts the
first $150,000 on the sale of a single family residence.

EFFECTIVE DATE:

Immediately.

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

                                  4620

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                             April 16, 2013
                               ___________

Introduced by Sen. MARCHIONE -- read twice and ordered printed, and when
  printed to be committed to the Committee on Local Government

AN  ACT to amend chapter 556 of the laws of 2007 relating to imposing an
  additional real estate transfer tax within the county of Columbia,  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 2 of chapter 556 of the laws of  2007  relating  to
imposing  an  additional  real  estate transfer tax within the county of
Columbia, as amended by chapter 474 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 December 31, [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.
                                                           LBD10276-01-3

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