Bill
Bill > A03980
NY A03980
NY A03980Relates 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
01/30/2025
01/30/2025
In Committee
06/11/2025
06/11/2025
Crossed Over
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 mortgage recording tax revenues are allocated in Warren County, New York. Specifically, the bill removes Warren County's ability to use excess funds from mortgage recording tax collections to support community colleges. Instead, these funds will now be allocated to the Capital District Transportation Authority (CDTA). Additionally, the bill extends the effectiveness of an existing provision that allows Warren County to impose an additional mortgage recording tax until December 1, 2027. The changes are technical in nature, adjusting how local tax revenues can be used and extending a previous tax authorization. By removing Warren County's previous funding mechanism for community colleges, the bill redirects those resources and provides continued flexibility for the county's additional mortgage recording tax collection through the end of 2027.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Companion passed 2025-08-07 (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/A3980 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A03980&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A03980 |
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