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Bill > S03626
NY S03626
NY S03626Extends the authorization for the county of Schoharie to impose a county recording tax on obligation secured by a mortgage on real property.
summary
Introduced
01/29/2025
01/29/2025
In Committee
05/27/2025
05/27/2025
Crossed Over
06/13/2025
06/13/2025
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 amend chapter 333 of the laws of 2006 amending the tax law relating to authorizing the county of Schoharie to impose a county recording tax on obligation secured by a mortgage on real property, in relation to extending the effectiveness thereof
AI Summary
This bill extends the authorization for Schoharie County to impose a county recording tax on mortgage obligations by changing the expiration date from December 1, 2025 to December 1, 2027. A county recording tax is a fee charged by a county when certain legal documents, in this case mortgages, are officially recorded with the county clerk's office. The bill essentially provides Schoharie County with two more years to continue collecting this specific tax on mortgage-related documents. The legislation amends a previous law from 2006 that originally authorized this tax, and it will take effect immediately upon passage. This type of targeted tax authorization is common for counties seeking additional revenue streams, and the extension suggests that the county finds the tax beneficial for its financial operations.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (1)
Last Action
SIGNED CHAP.267 (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/S3626 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S03626&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S03626 |
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