senate Bill S4164

Signed By Governor
2011-2012 Legislative Session

Extends the period during which the county of Genesee is authorized to impose a county recording tax on certain mortgage obligation

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Archive: Last Bill Status - Signed by Governor


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

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Aug 15, 2011 signed chap.394
Aug 05, 2011 delivered to governor
Jun 01, 2011 returned to senate
passed assembly
home rule request
ordered to third reading cal.474
substituted for a6576
May 23, 2011 referred to ways and means
delivered to assembly
passed senate
May 09, 2011 advanced to third reading
May 04, 2011 2nd report cal.
May 03, 2011 1st report cal.483
Mar 22, 2011 referred to investigations and government operations

Votes

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May 3, 2011 - Investigations and Government Operations committee Vote

S4164
4
0
committee
4
Aye
0
Nay
4
Aye with Reservations
0
Absent
0
Excused
0
Abstained
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Investigations and Government Operations Committee Vote: May 3, 2011

S4164 - Bill Details

See Assembly Version of this Bill:
A6576
Law Section:
Taxation
Laws Affected:
Amd ยง2, Chap 579 of 2004
Versions Introduced in 2009-2010 Legislative Session:
S3175, A6883

S4164 - Bill Texts

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Extends the period during which the county of Genesee is authorized to impose a county recording tax on certain mortgage obligation.

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BILL NUMBER:S4164

TITLE OF BILL:
An act
to amend chapter 579 of the laws of 2004, amending the tax law relating
to authorizing the county of Genesee to impose a county recording tax on
certain mortgage obligation, in relation to extending the provisions of
such chapter

PURPOSE AND JUSTIFICATION:
The bill would extend the authority of
Genesee County, acting through its local legislative body, to adopt a
local law imposing a mortgage recording tax of 25 cents for each $100
of real property secured by a mortgage.

The Genesee County Legislature has passed a resolution requesting
extension of its authority to charge a county mortgage recording tax.
The tax is collected by the County the same time as the State
mortgage recording taxes are. All revenue from the County Tax, after
deducting expenses of mortgage recording offices, goes to the general
fund of Genesee County for use as the County legislature approves.

SUMMARY OF SPECIFIC PROVISIONS:
Extends the authority of Genesee
County to impose an additional county recording tax on certain
mortgage obligations until November 1, 2013.

PRIOR LEGISLATIVE HISTORY:
2010 - S.3175/A.6883 -- Chapter
117

FISCAL IMPLICATIONS:
In 2008, Genesee County received in excess of
$297,000 in revenue from this additional mortgage tax.

EFFECTIVE DATE:
This act shall take effect immediately.

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

                                  4164

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                             March 22, 2011
                               ___________

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

AN  ACT  to  amend chapter 579 of the laws of 2004, amending the tax law
  relating to authorizing the county  of  Genesee  to  impose  a  county
  recording tax on certain mortgage obligation, 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 2 of chapter 579 of the laws of 2004, amending  the
tax law relating to authorizing the county of Genesee to impose a county
recording  tax on certain mortgage obligation, as amended by chapter 117
of the laws of 2009, 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 on November 1, [2011] 2013, 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.
                                                           LBD08718-01-1

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