Bill
Bill > A04069
NY A04069
NY A04069Extends provisions relating to the mortgage tax in the county of Yates until December 1, 2027.
summary
Introduced
01/31/2025
01/31/2025
In Committee
06/16/2025
06/16/2025
Crossed Over
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 provisions of a 2005 law that allows Yates County to impose a county recording tax on mortgages by modifying the expiration date from December 1, 2025 to December 1, 2027. A recording tax is a fee charged when certain legal documents, in this case mortgage documents, are officially recorded with the county. By extending the sunset date, the bill continues to authorize Yates County to collect this specific mortgage-related tax for an additional two years beyond the previous authorization. The bill has an immediate effective date, meaning it will go into effect as soon as it is signed into law. The extension maintains the county's ability to generate revenue through this specialized tax on mortgage recordings without substantive changes to the underlying tax provisions.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Companion passed 2025-08-07 (on 08/07/2025)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2025/A4069 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A04069&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A04069 |
Loading...