Senate Bill S7525A

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

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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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Bill Amendments

2025-S7525 - 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 - Summary

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

2025-S7525 - Sponsor Memo

2025-S7525 - 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 have  become  a law and shall expire and be deemed repealed on the first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

2025-S7525A (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-S7525A (ACTIVE) - Summary

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

2025-S7525A (ACTIVE) - Sponsor Memo

2025-S7525A (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  7525--A
     Cal. No. 879
 
                        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 -- reported favorably from said committee, ordered  to
   first  and second report, ordered to a third reading, passed by Senate
   and delivered to the Assembly, recalled, vote  reconsidered,  restored
   to  third  reading, amended and ordered reprinted, retaining its place
   in the order of third reading
 
 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] 2027.
   § 2. This act shall take effect immediately.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11704-03-5

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