Bill > A05351

This bill extends the mortgage recording tax for Chenango County by modifying two key provisions. First, it changes the expiration date of the previous law from December 31, 2025, to December 31, 2027, effectively prolonging the county's ability to impose an additional mortgage recording tax for two more years. Second, the bill amends the tax law to specify that the mortgage recording tax funds collected in Chenango County will now be deposited directly into the county's general fund, rather than being routed through the state comptroller's office as is the case for most other counties. This change gives Chenango County more direct control over the revenue generated from mortgage recording taxes. The bill uses technical language to modify existing tax law, replacing gender-specific pronouns like "him or her" with the gender-neutral "them" and adding a specific provision for Chenango County's tax fund allocation. The bill will take effect immediately upon becoming law.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A5351