Bill > A08210

This bill extends the provisions of a previous law that allows Cortland County to impose an additional mortgage recording tax. Specifically, the bill amends Chapter 443 of the laws of 2007 by changing the expiration date of the tax authorization from December 1, 2025, to December 1, 2027. A mortgage recording tax is a fee charged when a mortgage is recorded with the county, typically calculated as a percentage of the mortgage amount. By extending this authorization, Cortland County can continue to collect this additional tax for two more years beyond the previous expiration date. The bill will take effect immediately upon becoming law, which means the county can continue to impose this supplemental tax through the end of 2027, providing potential additional revenue for local government services and infrastructure.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/A8210