Assembly Bill A8334

Signed By Governor
2021-2022 Legislative Session

Authorizes the county of Madison to impose a tax on real estate transfers

download bill text pdf

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Archive: Last Bill Status - 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

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2021-A8334 (ACTIVE) - Details

See Senate Version of this Bill:
S7532
Law Section:
Tax Law
Laws Affected:
Add Art 31-H §§1449-aaaaaa - 1449-pppppp, Tax L

2021-A8334 (ACTIVE) - Summary

Authorizes the county of Madison to impose an additional real estate transfer tax of up to two dollars per each five hundred dollars.

2021-A8334 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8334
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             October 20, 2021
                                ___________
 
 Introduced  by M. of A. SALKA -- read once and referred to the Committee
   on Ways and Means
 
 AN ACT to amend the tax law, in relation to authorizing  the  county  of
   Madison to impose a tax on real estate transfers
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. The tax law is amended by adding a new article 31-H to read
 as follows:
                               ARTICLE 31-H
           TAX ON REAL ESTATE TRANSFERS IN THE COUNTY OF MADISON
 SECTION 1449-AAAAAA. DEFINITIONS.
         1449-BBBBBB. IMPOSITION OF TAX.
         1449-CCCCCC. PAYMENT OF TAX.
         1449-DDDDDD. LIABILITY FOR TAX.
         1449-EEEEEE. EXEMPTIONS.
         1449-FFFFFF. CREDIT.
         1449-GGGGGG. COOPERATIVE HOUSING CORPORATION TRANSFERS.
         1449-HHHHHH. DESIGNATION OF AGENTS.
         1449-IIIIII. LIABILITY OF RECORDING OFFICER.
         1449-JJJJJJ. REFUNDS.
         1449-KKKKKK. DEPOSIT AND DISPOSITION OF REVENUE.
         1449-LLLLLL. JUDICIAL REVIEW.
         1449-MMMMMM. APPORTIONMENT.
         1449-NNNNNN. MISCELLANEOUS.
         1449-OOOOOO. RETURNS TO BE SECRET.
         1449-PPPPPP. FORECLOSURE.
   § 1449-AAAAAA. DEFINITIONS. WHEN USED IN THIS ARTICLE,  UNLESS  OTHER-
 WISE EXPRESSLY STATED:
   1.  "PERSON"  MEANS  AN INDIVIDUAL, PARTNERSHIP, SOCIETY, ASSOCIATION,
 JOINT STOCK COMPANY, CORPORATION, ESTATE, RECEIVER,  TRUSTEE,  ASSIGNEE,
 REFEREE  OR  ANY  OTHER  PERSON  ACTING IN A FIDUCIARY OR REPRESENTATIVE
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13350-01-1
              

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