NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A4135
SPONSOR: Tague
 
TITLE OF BILL:
An act amend chapter 333 of the laws of 2006 amending the tax law relat-
ing to authorizing the county of Schoharie to impose a county recording
tax on obligation secured by a mortgage on real property, in relation to
extending the effectiveness thereof
 
PURPOSE OR GENERAL IDEA OF BILL:
This legislation will extend the authorization for Schoharie County to
impose an additional mortgage recording tax for an additional two years.
 
SUMMARY OF SPECIFIC PROVISIONS:
Section one of this bill amends chapter 333 of the laws of 2006, as
amended by chapter 326 of the laws of 2023, authorizing Schoharie County
to enact an additional mortgage recording tax of twenty-five cents for
each one hundred dollars of debt until December 1, 2027.
Section two provides the effective date.
 
JUSTIFICATION:
This legislation needs to be renewed in 2025 so that the county can
continue to collect the additional tax without interruption. It was
requested by the Schoharie County Board of Supervisors by Resolution No.
22.
 
PRIOR LEGISLATIVE HISTORY:
This law was previously extended by chapter 326 of the laws of 2023.
 
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:
None to the State.
 
EFFECTIVE DATE:
This act shall take effect immediately.
STATE OF NEW YORK
________________________________________________________________________
4135
2025-2026 Regular Sessions
IN ASSEMBLY
January 31, 2025
___________
Introduced by M. of A. TAGUE -- read once and referred to the Committee
on Ways and Means
AN ACT amend chapter 333 of the laws of 2006 amending the tax law relat-
ing to authorizing the county of Schoharie to impose a county record-
ing tax on obligation secured by a mortgage on real property, in
relation to extending the effectiveness thereof
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 2 of chapter 333 of the laws of 2006 amending the
2 tax law relating to authorizing the county of Schoharie to impose a
3 county recording tax on obligation secured by a mortgage on real proper-
4 ty, as amended by chapter 326 of the laws of 2023, is amended to read as
5 follows:
6 § 2. This act shall take effect immediately and shall expire and be
7 deemed repealed on and after December 1, [2025] 2027.
8 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD08148-01-5