senate Bill S6945

Extends provisions of law relating to the mortgage recording tax in the county of Steuben until December 1, 2017

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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

  • 04 / Apr / 2014
    • REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • 13 / May / 2014
    • 1ST REPORT CAL.688
  • 14 / May / 2014
    • 2ND REPORT CAL.
  • 19 / May / 2014
    • ADVANCED TO THIRD READING
  • 19 / Jun / 2014
    • SUBSTITUTED BY A9302

Summary

Extends provisions of law relating to the mortgage recording tax in the county of Steuben until December 1, 2017.

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Bill Details

See Assembly Version of this Bill:
A9302
Versions:
S6945
Legislative Cycle:
2013-2014
Law Section:
Taxation
Laws Affected:
Amd ยง3, Chap 365 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:S6945

TITLE OF BILL: An act to amend chapter 365 of the laws of 2005,
amending the tax law relating to the mortgage recording tax in the
county of Steuben, in relation to extending the provisions of such
chapter

PURPOSE: To authorize the Steuben County Legislature to adopt and
amend local laws imposing a twenty-five cent per each one hundred
dollars mortgage recording tax on obligations secured by a mortgage on
real property.

SUMMARY OF PROVISIONS: Section 1 authorizes the Steuben County
Legislature to amend local laws to impose a twenty-five cent per each
one hundred dollars mortgage recording tax on obligations secured by a
mortgage on real property as amended by chapter 74 of the laws of
2011.

Sections 2 and 3 are the effective dates of the bill.

JUSTIFICATION: By continuing this additional tax revenue it will
continue to lessen the burden on the real property tax levy in the
provision of necessary government services by Steuben County.

LEGISLATIVE HISTORY: S.4233, 2011

EFFECTIVE DATE: This act shall take effect immediately except that
section two of this act shall take effect on the thirtieth day after
it shall have become law, and shall expire and be deemed repealed on
December 1, 2017.

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

                                  6945

                            I N  S E N A T E

                              April 4, 2014
                               ___________

Introduced  by  Sen.  O'MARA -- 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 365 of the laws of 2005, amending  the  tax  law
  relating  to  the  mortgage recording tax in the county of Steuben, 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 3 of chapter 365 of the laws of 2005, amending the
tax law relating to the mortgage recording tax in the county of Steuben,
as amended by chapter 74 of the laws of 2011,  is  amended  to  read  as
follows:
  S 3. This act shall take effect immediately except that section two of
this  act  shall  take  effect  on the thirtieth day after it shall have
become a law and shall expire and be  deemed  repealed  on  December  1,
[2014] 2017.
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14438-01-4

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