senate Bill S4620

Signed By Governor
2013-2014 Legislative Session

Extends an additional real estate transfer tax within the county of Columbia until 2015

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Sponsored By

Archive: Last Bill Status Via A6827 - 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
Jul 12, 2013 signed chap.118
Jul 02, 2013 delivered to governor
Jun 21, 2013 returned to assembly
passed senate
3rd reading cal.875
substituted for s4620
Jun 21, 2013 substituted by a6827
Jun 04, 2013 advanced to third reading
Jun 03, 2013 2nd report cal.
May 30, 2013 1st report cal.875
May 13, 2013 committee discharged and committed to investigations and government operations
Apr 16, 2013 referred to local government

Votes

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May 30, 2013 - Investigations and Government Operations committee Vote

S4620
7
0
committee
7
Aye
0
Nay
1
Aye with Reservations
0
Absent
1
Excused
0
Abstained
show Investigations and Government Operations committee vote details

Investigations and Government Operations Committee Vote: May 30, 2013

aye wr (1)
excused (1)

S4620 - Bill Details

See Assembly Version of this Bill:
A6827
Law Section:
Real Property Taxation
Laws Affected:
Amd ยง2, Chap 556 of 2007

S4620 - Bill Texts

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Extends an additional real estate transfer tax within the county of Columbia until 2015.

view sponsor memo
BILL NUMBER:S4620

TITLE OF BILL: An act to amend chapter 556 of the laws of 2007
relating to imposing an additional real estate transfer tax within the
county of Columbia, in relation to extending the provisions of such
chapter

PURPOSE:

This bill will extend the authorization for an additional real estate
transfer tax in Columbia County until December 31, 2015.

SUMMARY OF PROVISIONS:

Section 1 amends section 2 of Chapter 556 of the Laws of 2007 to
provide for the extension of the repeal date through 2015.

Section 2 sets forth an immediate effective date.

JUSTIFICATION:

The Columbia County Board of Supervisors requested legislation to
enable the county to impose an additional transfer tax to be used
toward the financing of the county's capital expenditures and public
improvement projects. Since 2007, the county has collected this tax
and has reduced its dependence on the real property tax to address
their fiscal needs. This bill will allow the County to continue to
impose this tax.

LEGISLATIVE HISTORY:

Chapter 474 of the Laws of 2011 Chapter 193 of the Laws of 2009

FISCAL IMPLICATIONS:

None.

LOCAL FISCAL IMPLICATIONS:

Allows the county to continue to collect an additional transfer tax at
the rate of $1 per $500 on real property conveyances. Exempts the
first $150,000 on the sale of a single family residence.

EFFECTIVE DATE:

Immediately.

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

                                  4620

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                             April 16, 2013
                               ___________

Introduced by Sen. MARCHIONE -- read twice and ordered printed, and when
  printed to be committed to the Committee on Local Government

AN  ACT to amend chapter 556 of the laws of 2007 relating to imposing an
  additional real estate transfer tax within the county of Columbia,  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 556 of the laws of  2007  relating  to
imposing  an  additional  real  estate transfer tax within the county of
Columbia, as amended by chapter 474 of the laws of 2011, is  amended  to
read as follows:
  S  2.  This  act shall take effect immediately and shall expire and be
deemed repealed on December 31, [2013] 2015.
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10276-01-3

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