Bill
Bill > S03495
NY S03495
NY S03495Extends provisions relating to the mortgage tax in the county of Steuben until December 1, 2027.
summary
Introduced
01/28/2025
01/28/2025
In Committee
05/27/2025
05/27/2025
Crossed Over
06/17/2025
06/17/2025
Passed
08/07/2025
08/07/2025
Dead
Signed/Enacted/Adopted
08/07/2025
08/07/2025
Introduced Session
2025-2026 General Assembly
Bill Summary
AN ACT to amend chapter 365 of the laws of 2005, amending the tax law relating to the mortgage recording tax in the county of Steuben, in relation to extending the provisions of such chapter
AI Summary
This bill extends the provisions of a previous law (Chapter 365 of the laws of 2005) related to the mortgage recording tax in Steuben County by changing the expiration date from December 1, 2025, to December 1, 2027. A mortgage recording tax is a fee charged when a mortgage is recorded with county officials, typically calculated as a percentage of the mortgage amount. The bill simply modifies the sunset (expiration) date of the existing tax provision, effectively allowing the current mortgage tax structure in Steuben County to remain in place for an additional two years. The legislation has an immediate effective date, meaning it will go into effect as soon as it is signed into law, which will help ensure continuity of the county's current mortgage tax regulations.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (1)
Last Action
SIGNED CHAP.262 (on 08/07/2025)
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/S3495 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S03495&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S03495 |
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