Bill
Bill > A06659
NY A06659
Extends provisions relating to the mortgage tax in the county of Steuben until December 1, 2027.
summary
Introduced
03/07/2025
03/07/2025
In Committee
05/27/2025
05/27/2025
Crossed Over
Passed
Dead
Introduced Session
2025-2026 General Assembly
Bill Summary
AN ACT to amend chapter 365 of the laws of 2005, amending the tax law relating to the mortgage recording tax in the county of Steuben, in relation to extending the provisions of such chapter
AI Summary
This bill extends the provisions of a 2005 law related to the mortgage recording tax in Steuben County, New York, by changing the expiration date from December 1, 2025 to December 1, 2027. A mortgage recording tax is a fee imposed when a mortgage is recorded with local government authorities, typically calculated as a percentage of the mortgage amount. The bill essentially prolongs the existing tax legislation for an additional two years, allowing Steuben County to continue collecting this specific tax under the same terms as previously established. The legislation takes effect immediately upon becoming law, which means the extended tax provisions will be in place right away, and the new expiration date of December 1, 2027, will provide continued revenue for the county and predictability for local taxpayers and financial institutions.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
reported referred to rules (on 05/27/2025)
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/A6659 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A06659&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A06659 |
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