S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5351
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 13, 2025
                                ___________
 
 Introduced  by  M. of A. ANGELINO, GALLAHAN -- read once and referred to
   the Committee on Ways and Means
 
 AN ACT to amend chapter 376 of the laws of 2024  amending  the  tax  law
   relating to authorizing the county of Chenango to impose an additional
   mortgage  recording tax, in relation to the effectiveness thereof; and
   to amend the tax law,  in  relation  to  the  depositing  of  mortgage
   recording tax funds into the general fund of the county of Chenango
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 2 of chapter 376 of the laws of 2024  amending  the
 tax  law  relating  to  authorizing  the county of Chenango to impose an
 additional mortgage recording tax, is amended to read as follows:
   § 2. This act shall take effect on the sixtieth  day  after  shall  it
 have  become  a law and shall expire and be deemed repealed December 31,
 [2025] 2027.
   § 2. Paragraphs (p) and (q) of subdivision 1 of section 261 of the tax
 law, paragraph (p) as amended by chapter 479 of the  laws  of  2022  and
 paragraph (q) as amended by chapter 365 of the laws of 2005, are amended
 and a new paragraph (r) is added to read as follows:
   (p)  with respect to the remaining counties of the state except Catta-
 raugus county which have not suspended the imposition of such additional
 tax pursuant to subdivision two of section two  hundred  fifty-three  of
 this  article,  to  the comptroller to be paid by [him or her] THEM into
 the general fund in the state  treasury  to  the  credit  of  the  state
 purposes  account;  provided  that  money  paid  to the comptroller with
 respect to any such remaining county  in  which  on  the  date  of  such
 payment any mass transportation, airport or aviation, municipal historic
 site, municipal park, community mental health and developmental disabil-
 ities facility, or sewage treatment capital project is being carried out
 by  a  municipality with state aid, or for which state aid will be paid,
 pursuant to the provisions of title one of chapter seven hundred  seven-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08409-02-5
              

 A. 5351                             2
 
 teen  of  the laws of nineteen hundred sixty-seven, section 17.05 of the
 parks, recreation and historic preservation law, section  41.18  of  the
 mental hygiene law, or section 17-1903 of the environmental conservation
 law, shall be applied by [him or her] THEM to increase the amount of aid
 for  which  the  state  is  obligated in respect to such project on such
 date, provided that any such increase in state  aid  may  not,  together
 with any federal funds paid or to be paid on account of the cost of such
 project,  exceed  the  total  cost thereof, and where more than one such
 capital project is being carried out on such date  within  such  county,
 the  application  of  such  monies by the comptroller shall be pro-rated
 among such municipalities on the basis  of  the  respective  amounts  of
 state aid which are so obligated on such date; [and] (q) with respect to
 the county of Cattaraugus, to the comptroller to be paid by [him or her]
 THEM  into  the  general fund in the state treasury to the credit of the
 state purposes account for the construction of a county office  building
 and a county department of public works office building, or debt service
 thereon  being  carried  out  by the county of Cattaraugus up to but not
 exceeding the total cost for such  county  office  building  and  county
 department  of  public  works building, or debt service thereon less the
 amount of any state aid or federal funds paid or to be paid  on  account
 of  such project or debt service thereon[.]; AND (R) WITH RESPECT TO THE
 COUNTY OF CHENANGO, TO THE COUNTY TREASURER OF SUCH COUNTY  FOR  DEPOSIT
 INTO THE GENERAL FUND OF THE COUNTY OF CHENANGO.
   § 3. This act shall take effect immediately.