Assembly Bill A2254

2009-2010 Legislative Session

Provides an exemption to mortgage tax for not-for-profit and religious entities

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee

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

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2009-A2254 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd ยง252-a, Tax L

2009-A2254 (ACTIVE) - Summary

Provides an exemption to mortgage tax for not-for-profit and religious entities.

2009-A2254 (ACTIVE) - Bill Text download pdf 

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

                                  2254

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            January 15, 2009
                               ___________

Introduced  by  M.  of A. PARMENT, ESPAILLAT, SCHIMMINGER -- Multi-Spon-
  sored by -- M. of A.  CLARK, COOK, CYMBROWITZ, DelMONTE, DIAZ, EDDING-
  TON, GREENE, HIKIND, PERRY, PHEFFER, P. RIVERA, SWEENEY --  read  once
  and referred to the Committee on Ways and Means

AN  ACT  to  amend  the tax law, in relation to providing a mortgage tax
  exemption to not-for-profit and religious entities

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

  Section  1.  Section  252-a  of the tax law is amended by adding a new
subdivision 3 to read as follows:
  3. NOTWITHSTANDING ANY OTHER LAW, RULE OR REGULATION TO THE  CONTRARY,
A  NON-PROFIT ORGANIZATION SHALL BE EXEMPT FROM ANY TAX IMPOSED PURSUANT
TO THIS ARTICLE. FOR PURPOSES OF THIS SUBDIVISION, A  NON-PROFIT  ORGAN-
IZATION  SHALL  MEAN  AN ORGANIZATION AS DEFINED IN SECTION FIVE HUNDRED
SIXTY-THREE OF THE LABOR LAW.
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04731-01-9

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