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Bill > A07443
NY A07443
NY A07443Extends 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
03/28/2025
03/28/2025
In Committee
06/12/2025
06/12/2025
Crossed Over
Passed
Dead
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, specifically by changing the expiration date of the law from November 30, 2025 to November 30, 2027. A recording tax is a fee charged by a county when certain legal documents, in this case mortgages, are officially recorded with local government offices. By extending the sunset date, the bill ensures that Fulton County can continue to collect this tax for an additional two years beyond the previous expiration date. The bill is relatively straightforward, making a simple technical amendment to the existing tax law, and it will take effect immediately upon passage. The extension allows the county to maintain its current revenue stream from mortgage recording taxes without interruption.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Companion passed 2025-08-07 (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/A7443 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A07443&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A07443 |
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