Bill
Bill > A07665
NY A07665
NY A07665Extends the authority of the county of Columbia to impose an additional real estate transfer tax by two years.
summary
Introduced
04/04/2025
04/04/2025
In Committee
06/16/2025
06/16/2025
Crossed Over
Passed
Dead
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 by two years, specifically by changing the expiration date from December 31, 2025, to December 31, 2027. Real estate transfer taxes are fees levied when property ownership is transferred from one party to another, and this bill allows Columbia County to continue collecting an extra tax on such transactions beyond the previously set expiration date. The bill amends a previous law from 2007 that originally established this additional transfer tax, and it takes effect immediately upon passage. By extending the sunset date, the county will maintain its ability to generate additional revenue from real estate transactions for two more years.
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/A7665 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A07665&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A07665 |
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