Bill > A07420

This bill extends the authorization for Cattaraugus County to impose an additional mortgage recording tax until December 1, 2027. Specifically, the legislation amends a previous law (Chapter 98 of the laws of 2009) by changing the expiration date of the county's ability to levy this extra tax from December 1, 2025, to December 1, 2027. A mortgage recording tax is a fee charged when a mortgage is recorded with local government authorities, typically calculated as a percentage of the mortgage amount. This bill essentially provides Cattaraugus County with two more years to continue collecting this additional tax beyond the previously established sunset date. The bill takes effect immediately upon passage, allowing the county to maintain its current tax collection authority for an extended period.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A7420