Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 05, 2020 |
referred to investigations and government operations |
Senate Bill S7967
2019-2020 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2019-S7967 (ACTIVE) - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Taxation
- Laws Affected:
- Amd §2, Chap 579 of 2004
2019-S7967 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7967 SPONSOR: RANZENHOFER TITLE OF BILL: An act to amend chapter 579 of the laws of 2004, amending the tax law relating to authorizing the county of Genesee to impose a county record- ing tax on certain mortgage obligation, in relation to extending the provisions of such chapter PURPOSE AND JUSTIFICATION: The bill would extend the authority of Genesee County, acting through its local legislative body, to adopt a local law imposing a mortgage recording tax of 25 cents for each $100 of real property secured by a mortgage. The Genesee County Legislature has passed a resolution requesting exten- sion of its authority to charge a county mortgage recording tax. The tax is collected by the county the same time as the state mortgage recording taxes are. All revenue from the county tax, after deducting expenses of mortgage recording offices, goes to the general fund of
2019-S7967 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7967 I N S E N A T E March 5, 2020 ___________ Introduced by Sen. RANZENHOFER -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations AN ACT to amend chapter 579 of the laws of 2004, amending the tax law relating to authorizing the county of Genesee to impose a county recording tax on certain mortgage obligation, in relation to extending the provisions of such chapter THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 2 of chapter 579 of the laws of 2004, amending the tax law relating to authorizing the county of Genesee to impose a county recording tax on certain mortgage obligation, as amended by section 1 of subpart F of part C of chapter 61 of the laws of 2017, is amended to read as follows: § 2. This act shall take effect on the thirtieth day after it shall have become a law; and shall expire on November 1, [2020] 2022, when upon such date the provisions of this act shall be deemed repealed. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15679-02-0
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