Bill
Bill > S07080
NY S07080
NY S07080Extends the authority of the county of Columbia to impose an additional real estate transfer tax by two years.
summary
Introduced
04/01/2025
04/01/2025
In Committee
05/27/2025
05/27/2025
Crossed Over
06/16/2025
06/16/2025
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 556 of the laws of 2007 amending the tax law relating to imposing an additional real estate transfer tax within the county of Columbia, in relation to the effectiveness thereof
AI Summary
This bill extends the authority of Columbia County to impose an additional real estate transfer tax (a tax charged when property changes ownership) by two years, specifically modifying the expiration date from December 31, 2025 to December 31, 2027. The bill amends a previous law from 2007 that originally established this additional transfer tax, and which was most recently updated in 2023. By extending the sunset date, the county will continue to have the legal ability to levy this extra tax on property transactions for two more years, allowing it to maintain a revenue stream that would have otherwise expired at the end of 2025. The bill takes effect immediately upon passage, which is typical for legislation of this administrative nature.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (1)
Last Action
SIGNED CHAP.304 (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/S7080 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S07080&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S07080 |
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