senate Bill S6549

Signed by Governor

Relates to a Herkimer county recording tax to be imposed on the obligation 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 by Governor
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actions

  • 04 / Feb / 2014
    • REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • 13 / May / 2014
    • 1ST REPORT CAL.683
  • 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 A8959
  • 19 / Jun / 2014
    • ORDERED TO THIRD READING CAL.838
  • 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.223

Summary

Relates to a Herkimer county recording tax to be imposed on the obligation secured by a mortgage on real property; expires on 12/1/2016.

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Bill Details

See Assembly Version of this Bill:
A8959
Versions:
S6549
Legislative Cycle:
2013-2014
Law Section:
Herkimer County
Laws Affected:
Amd ยง2, Chap 549 of 2005

Sponsor Memo

BILL NUMBER:S6549

TITLE OF BILL: An act to amend chapter 549 of the laws of 2005 amending
the tax law relating to authorizing the county of Herkimer to impose a
county recording tax on obligation secured by a mortgage on real proper-
ty, in relation to the expiration thereof

PURPOSE:

To extend provisions authorizing Herkimer County to impose an additional
mortgage recording tax of twenty-five cents for each one hundred dollars
of debt until December 1, 2016.

SUMMARY OF PROVISIONS:

Section one - amends section 2 of chapter 549 of the laws of 2005 to
authorize Herkimer County to enact a mortgage recording tax of twenty-
five cents for each one hundred dollars of debt until December 1, 2016.

Section two - provides the effective date.

EXISTING LAW:

The current authorization expires on December 1, 2014.

JUSTIFICATION:

The Herkimer County Legislature has requested the introduction of this
legislation by local resolution 46.

LEGISLATIVE HISTORY:

New bill. Formerly S. 6873 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
________________________________________________________________________

                                  6549

                            I N  S E N A T E

                            February 4, 2014
                               ___________

Introduced  by  Sens.  SEWARD, FARLEY -- read twice and ordered printed,
  and when printed to be committed to the  Committee  on  Investigations
  and Government Operations

AN  ACT  to  amend  chapter 549 of the laws of 2005 amending the tax law
  relating to authorizing the county of  Herkimer  to  impose  a  county
  recording tax on obligation 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 549 of the laws of 2005  amending  the
tax law relating to authorizing the county of Herkimer to impose a coun-
ty  recording  tax on obligation secured by a mortgage on real property,
as amended by chapter 234 of the laws of 2012, is  amended  to  read  as
follows:
  S  2.  This  act shall take effect immediately and shall expire and be
deemed repealed on 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.
                                                           LBD13880-02-4

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