Bill
Bill > S00021
NY S00021
Relates to Warren county no longer providing community colleges funding with excess funds from the collection of mortgage recording taxes as such money is allocated to the CDTA; extends the effectiveness of provisions relating to an additional Warren county mortgage recording tax to December 1, 2027.
summary
Introduced
01/08/2025
01/08/2025
In Committee
05/27/2025
05/27/2025
Crossed Over
05/27/2025
05/27/2025
Passed
Dead
Introduced Session
2025-2026 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to expenditures for Warren county community colleges; and to amend chapter 368 of the laws of , amending the tax law relating to authorizing the county of Warren to impose an additional mortgage recording tax, in relation to extending the effectiveness thereof
AI Summary
This bill modifies how Warren County handles mortgage recording tax funds and extends an existing tax provision. Specifically, the bill removes Warren County from a list of counties allowed to use excess mortgage recording tax funds for community college expenses, effectively preventing Warren County from allocating such funds to support community colleges. Instead, these funds will now be directed to the Capital District Transportation Authority (CDTA). Additionally, the bill extends the effectiveness of an existing Warren County provision allowing an additional mortgage recording tax from December 1, 2025 to December 1, 2027. The changes appear technical in nature and primarily affect how Warren County can use certain tax revenues, with the extension providing continued authorization for the county's additional mortgage recording tax for two more years. The bill takes effect immediately, with specific provisions subject to existing legal reversion mechanisms.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (1)
Last Action
referred to ways and means (on 05/27/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2025/S21 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S00021&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S00021 |
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