senate Bill S6457

Extends the provisions of chapter 185 of the laws of 2005, authorizing the county of Wyoming to impose a county recording tax on obligations secured by a mortgage on real property

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Bill Status


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

  • 27 / Jan / 2014
    • REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • 13 / May / 2014
    • 1ST REPORT CAL.681
  • 14 / May / 2014
    • 2ND REPORT CAL.
  • 19 / May / 2014
    • ADVANCED TO THIRD READING
  • 19 / Jun / 2014
    • SUBSTITUTED BY A8729

Summary

Extends provisions of law relating to the authorization of the county of Wyoming to impose a recording tax on obligations secured by a mortgage on real property.

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Bill Details

See Assembly Version of this Bill:
A8729
Versions:
S6457
Legislative Cycle:
2013-2014
Law Section:
Taxation
Laws Affected:
Amd ยง2, Chap 185 of 2005

Votes

8
0
8
Aye
0
Nay
1
aye with reservations
0
absent
0
excused
0
abstained
show Investigations and Government Operations committee vote details

Sponsor Memo

BILL NUMBER:S6457

TITLE OF BILL: An act to amend chapter 185 of the laws of 2005, amend-
ing 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:

This bill extends the expiration date authorizing the county of Wyoming
to impose a county recording tax on obligations secured by a mortgage on
real property.

SUMMARY OF PROVISIONS:

Section 1 states that the act that authorizes the county of Wyoming to
impose a county recording tax on obligations secured by a mortgage on
real property shall expire December 1, 2016.

Section 2 states that this act shall take effect immediately.

JUSTIFICATION:

On March 13, 2012, the Wyoming County Board of Supervisors 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. On January 14, 2014, the Wyoming County Board of
Supervisors passed a resolution requesting a two-year extension on the
mortgage recording tax. This bill provides that extension.

LEGISLATIVE HISTORY:

New bill.

LOCAL FISCAL IMPLICATIONS:

One-quarter of one percent (0.25%) county line recording tax on mort-
gages 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
________________________________________________________________________

                                  6457

                            I N  S E N A T E

                            January 27, 2014
                               ___________

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 230 of the laws  of  2012,  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,  [2014]  2016  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.
                                                           LBD13655-01-4

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