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Bill > S06216
NY S06216
NY S06216Extends provisions allowing the county of Fulton to impose a county recording tax on obligation secured by a mortgage on real property to November 30, 2027.
summary
Introduced
03/06/2025
03/06/2025
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 to amend chapter 489 of the laws of 2004 amending the tax law relating to the mortgage recording tax in the county of Fulton, in relation to the effectiveness of such chapter
AI Summary
This bill extends the existing provisions that allow Fulton County to impose a county recording tax on mortgages on real property, specifically by changing the expiration date from November 30, 2025 to November 30, 2027. The mortgage recording tax is a fee charged when a mortgage is recorded with the county, and this bill essentially provides Fulton County with two additional years to continue collecting this tax. The bill is a straightforward amendment to a previous law from 2004 that originally established this tax authority, and it will take effect immediately upon passage. By extending the tax's authorization, the county can continue to generate revenue from mortgage transactions for an additional two years.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (1)
Last Action
SIGNED CHAP.287 (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/S6216 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S06216&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S06216 |
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