senate Bill S5047

Extends provisions authorizing the county of Cortland to impose an additional mortgage recording tax

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Sponsor

Bill Status


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

  • 07 / May / 2013
    • REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • 30 / May / 2013
    • 1ST REPORT CAL.896
  • 03 / Jun / 2013
    • 2ND REPORT CAL.
  • 04 / Jun / 2013
    • ADVANCED TO THIRD READING
  • 21 / Jun / 2013
    • SUBSTITUTED BY A7513

Summary

Extends provisions authorizing the county of Cortland to impose an additional mortgage recording tax until November 30, 2015.

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Bill Details

See Assembly Version of this Bill:
A7513
Versions:
S5047
Legislative Cycle:
2013-2014
Law Section:
Taxation
Laws Affected:
Amd ยง2, Chap 443 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:S5047

TITLE OF BILL: An act to amend chapter 443 of the laws of 2007
amending the tax law relating to authorizing the county of Cortland to
impose an additional mortgage recording tax, in relation to extending
the effectiveness of such provisions

PURPOSE:

The purpose of the bill is to extend provisions authorizing Cortland
County to impose an additional mortgage recording tax for two years.

SUMMARY OF PROVISIONS:

Amends section 2 of chapter 443 of the laws of 2007, authorizing
Cortland County to enact an additional mortgage recording tax of
twenty-five cents for each one hundred dollars of debt until December
1, 2015.

EXISTING LAW:

The current authorization expires on December 1, 2013.

JUSTIFICATION:

The Cortland County Legislature has requested the introduction of this
legislation by a resolution.

LEGISLATIVE HISTORY:

The law was previously extended by chapter 396 of the laws of 2011.

FISCAL IMPLICATIONS:

None to the state.

EFFECTIVE DATE:

Immediately.

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

                                  5047

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               May 7, 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 443 of the laws of 2007  amending  the  tax  law
  relating to authorizing the county of Cortland to impose an additional
  mortgage  recording tax, in relation to extending the effectiveness of
  such provisions

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

  Section  1.  Section 2 of chapter 443 of the laws of 2007 amending the
tax law relating to authorizing the county  of  Cortland  to  impose  an
additional mortgage recording tax, as amended by chapter 396 of the laws
of 2011, is amended to read as follows:
  S  2.  This  act  shall take effect on the sixtieth day after it shall
have become a law and shall expire and be deemed  repealed  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.
                                                           LBD10676-01-3

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