Bill > S01078

This bill extends the existing legal authority for Livingston County to impose an additional mortgage recording tax until December 1, 2027, by amending a previous law from 2019. Specifically, the bill modifies the expiration date of the original legislation from December 1, 2025 to December 1, 2027, effectively giving the county two more years to continue levying this supplemental tax. A mortgage recording tax is a fee charged by local governments when a mortgage is recorded with the county clerk, typically calculated as a percentage of the mortgage amount. This type of tax provides a revenue stream for local governments and is common in many jurisdictions. The bill simply updates the sunset date of the existing law, allowing Livingston County to maintain its current taxation authority for mortgage recordings for an additional two years without making any other substantive changes to the original legislation.

Budget and Finance, Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S1078