Legislation
SECTION 486-A
Retention of special additional mortgage recording tax exemption for converted federal credit unions
Banking (BNK) CHAPTER 2, ARTICLE 11
§ 486-a. Retention of special additional mortgage recording tax
exemption for converted federal credit unions. Mortgages made by a
credit union that is issued an authorization certificate on or after
January first, two thousand nine pursuant to section four hundred
eighty-six of this article shall be exempt from the special additional
mortgage tax imposed pursuant to paragraph (a) of subdivision one-a of
section two hundred fifty-three of the tax law.
exemption for converted federal credit unions. Mortgages made by a
credit union that is issued an authorization certificate on or after
January first, two thousand nine pursuant to section four hundred
eighty-six of this article shall be exempt from the special additional
mortgage tax imposed pursuant to paragraph (a) of subdivision one-a of
section two hundred fifty-three of the tax law.