Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 21, 2016 |
signed chap.132 |
Jul 13, 2016 |
delivered to governor |
Jun 17, 2016 |
returned to assembly passed senate 3rd reading cal.1998 substituted for s7172 |
Jun 17, 2016 |
substituted by a9713 ordered to third reading cal.1998 committee discharged and committed to rules |
Apr 05, 2016 |
referred to investigations and government operations |
Senate Bill S7172
Signed By Governor2015-2016 Legislative Session
Sponsored By
(D, WF) 46th Senate District
Archive: Last Bill Status Via A9713 - Signed by Governor
- 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
Actions
Votes
2015-S7172 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9713
- Law Section:
- Albany County
- Laws Affected:
- Amd ยง2, Chap 405 of 2005
2015-S7172 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7172 TITLE OF BILL : An act to amend chapter 405 of the laws of 2005 amending the tax law relating to authorizing the county of Albany to impose a county recording tax on obligations secured by a mortgage on real property, in relation to extending the effectiveness thereof PURPOSE OR GENERAL IDEA OF BILL : Extends the effectiveness of chapter 234 of the laws of 2014 for two years. SUMMARY OF SPECIFIC PROVISIONS : Amends chapter 234 of the laws of 2014 , extending the sunset from December 1, 2016 to December 1, 2018. JUSTIFICATION : Currently, the county of Albany's mortgage recording tax is slated to sunset on December 1, 2014. In order for the county to continue generating revenue, the sunset must be extended. By imposing a tax of twenty-five cents for each one hundred dollars secured by a mortgage in Albany County, this measure would help generate revenue for the
2015-S7172 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ S. 7172 A. 9713 S E N A T E - A S S E M B L Y April 5, 2016 ___________ IN SENATE -- Introduced by Sen. BRESLIN -- read twice and ordered print- ed, and when printed to be committed to the Committee on Investi- gations and Government Operations IN ASSEMBLY -- Introduced by M. of A. FAHY, McDONALD, STECK -- read once and referred to the Committee on Ways and Means AN ACT to amend chapter 405 of the laws of 2005 amending the tax law relating to authorizing the county of Albany to impose a county recording tax on obligations secured by a mortgage on real property, in relation to extending the effectiveness 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 405 of the laws of 2005 amending the tax law relating to authorizing the county of Albany to impose a county recording tax on obligations secured by a mortgage on real property, as amended by chapter 234 of the laws of 2014, 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 and be deemed repealed on the first of December, [2016] 2018. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14855-01-6
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