Senate Bill S7525

2025-2026 Legislative Session

Extends the authorization to impose a county recording tax on obligations secured by a mortgage on real property in Albany County

download bill text pdf

Sponsored By

Current Bill Status - On Floor Calendar

  • 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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2025-S7525 (ACTIVE) - Details

See Assembly Version of this Bill:
A8114
Law Section:
Taxation
Laws Affected:
Amd §2, Chap 405 of 2005
Versions Introduced in 2023-2024 Legislative Session:
S6762, A7117

2025-S7525 (ACTIVE) - Summary

Extends the authorization to impose a county recording tax on obligations secured by a mortgage on real property in Albany County.

2025-S7525 (ACTIVE) - Sponsor Memo

2025-S7525 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7525
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                              April 21, 2025
                                ___________
 
 Introduced  by  Sen.  FAHY  --  read twice and ordered printed, and when
   printed to be committed to the Committee on Investigations and Govern-
   ment Operations
 
 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  338  of  the  laws  of 2023, is amended to read as
 follows:
   § 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 have  become  a law and shall expire and be deemed repealed on the first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, [2025] 2026.
   § 2. This act shall take effect immediately.
 
 
 
 

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11704-01-5

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