Bill > S06740

This bill extends the authorization for Cattaraugus County to impose an additional mortgage recording tax until December 1, 2027. Specifically, the bill amends a previous law (Chapter 98 of the laws of 2009) that originally granted the county the ability to collect this extra tax. The key change is simply extending the sunset date of the tax authority from December 1, 2025 to December 1, 2027, effectively giving the county two more years to continue levying the additional mortgage recording tax. A mortgage recording tax is a fee charged when a mortgage is recorded with local government, typically calculated as a percentage of the mortgage amount. The bill will take effect immediately upon passage, allowing Cattaraugus County to continue collecting this additional tax revenue for two more years beyond the previous expiration date.

Budget and Finance, Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S6740