Bill > S04543

This bill extends the mortgage recording tax for Chenango County, which was previously set to expire in 2025, by two additional years until December 31, 2027. The bill modifies existing tax law to specifically allow the mortgage recording tax revenues collected in Chenango County to be deposited directly into the county's general fund, rather than being routed through the state treasury. The bill makes several technical changes to the language of the tax law, including replacing gendered pronouns (changing "him or her" to "them") and adding a specific provision for Chenango County's tax revenue handling. This legislation provides Chenango County with continued authorization to collect the additional mortgage recording tax and gives the county more direct control over those tax funds by allowing them to be deposited directly into the county's general fund. The bill will take effect immediately upon passage.

Budget and Finance, Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S4543