senate Bill S6498

Signed by Governor

Relates to extending the authorization for the county of Greene to impose an additional mortgage recording tax until December 1, 2016

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Sponsor

Bill Status


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

  • 30 / Jan / 2014
    • REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • 13 / May / 2014
    • 1ST REPORT CAL.682
  • 14 / May / 2014
    • 2ND REPORT CAL.
  • 19 / May / 2014
    • ADVANCED TO THIRD READING
  • 19 / Jun / 2014
    • PASSED SENATE
  • 19 / Jun / 2014
    • DELIVERED TO ASSEMBLY
  • 19 / Jun / 2014
    • REFERRED TO WAYS AND MEANS
  • 19 / Jun / 2014
    • SUBSTITUTED FOR A8750
  • 19 / Jun / 2014
    • ORDERED TO THIRD READING RULES CAL.355
  • 19 / Jun / 2014
    • HOME RULE REQUEST
  • 19 / Jun / 2014
    • PASSED ASSEMBLY
  • 19 / Jun / 2014
    • RETURNED TO SENATE
  • 01 / Aug / 2014
    • DELIVERED TO GOVERNOR
  • 07 / Aug / 2014
    • SIGNED CHAP.222

Summary

Extends the authorization for the county of Greene to impose an additional mortgage recording tax until December 1, 2016.

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Bill Details

See Assembly Version of this Bill:
A8750
Versions:
S6498
Legislative Cycle:
2013-2014
Law Section:
Tax Law
Laws Affected:
Amd ยง2, Chap 218 of 2009

Sponsor Memo

BILL NUMBER:S6498

TITLE OF BILL: An act to amend chapter 218 of the laws of 2009
amending the tax law relating to authorizing the county of Greene to
impose an additional mortgage recording tax, in relation to extending
the effectiveness thereof

PURPOSE: To extend the municipal home to allow the extension of
mortgage recording costs

SUMMARY OF PROVISIONS:

Section 1 amends Section 2 of chapter 218 of the laws of 2009 to
authorize Greene County to impose an additional mortgage recording tax

Section 2 includes effective date

JUSTIFICATION: Current state legislation allowing Greene County to
impose a 0.5% additional mortgage recording tax will expire effective
December 1, 2014. If this were to happen, Greene County would be faced
with a devastating tax revenue loss which would no doubt result in a
drastic decrease in services, coupled with the elimination of more
jobs.

In this economy, the County can benefit from any and all revenue
available - this increase would certainly aid their financial benefit.

LEGISLATIVE HISTORY: 2014: New bill.

FISCAL IMPLICATIONS: None anticipated.

EFFECTIVE DATE: 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, 2016.

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

                                  6498

                            I N  S E N A T E

                            January 30, 2014
                               ___________

Introduced  by  Sen. TKACZYK -- 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 218 of the laws of 2009  amending  the  tax  law
  relating  to  authorizing the county of Greene to impose an additional
  mortgage recording tax, 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 218 of the laws of 2009  amending  the
tax  law relating to authorizing the county of Greene to impose an addi-
tional mortgage recording tax, as amended by chapter 206 of the laws  of
2012, 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,
[2014] 2016.
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13723-01-4

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