Bill > A07713

This bill extends the existing authorization for Hamilton County to impose a county recording tax on mortgages on real property from December 1, 2025 to December 1, 2027. The legislation amends a previous law originally passed in 2006 that granted Hamilton County the ability to levy this specific tax. By changing the expiration date, the bill allows the county to continue collecting this tax for an additional two years beyond the previously established sunset date. A county recording tax is typically a fee charged when certain legal documents related to property transactions are officially recorded with the county, in this case specifically targeting obligations secured by mortgages. The bill takes effect immediately upon passage, which means the new expiration date of December 1, 2027 will be in place as soon as the legislation is signed into law.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A7713