Bill
Bill > S03497
NY S03497
Extends provisions relating to the mortgage tax in the county of Yates until December 1, 2027.
summary
Introduced
01/28/2025
01/28/2025
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 chapter 366 of the laws of 2005, amending the tax law relating to authorizing the county of Yates to impose a county recording tax on obligations secured by a mortgage on real property, in relation to extending the provisions of such chapter
AI Summary
This bill extends the existing authority for Yates County to impose a county recording tax on mortgages until December 1, 2027, which effectively prolongs a previously established law that allows the county to collect a special tax on documents related to real estate mortgages. Specifically, the bill amends chapter 366 of the laws of 2005 by changing the expiration date of the tax authorization from December 1, 2025 to December 1, 2027. The change means that Yates County can continue to levy this specific mortgage recording tax for an additional two years beyond the previous expiration date. The bill will take effect immediately upon becoming law, and it represents a routine legislative action to maintain a local government's existing revenue-generating mechanism by temporarily extending its statutory authority.
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/S3497 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S03497&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S03497 |
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