Extends the effectiveness of certain provisions authorizing the county of Madison to impose an additional mortgage recording tax until December 1, 2027.
NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A8685
SPONSOR: Miller
 
TITLE OF BILL:
An act to amend chapter 332 of the laws of 2019, amending the tax law
relating to authorizing the county of Madison to impose an additional
mortgage recording tax, in relation to extending the effectiveness ther-
eof
 
PURPOSE OR GENERAL IDEA OF BILL:
This bill will extend Madison County's authority to impose an additional
mortgage recording tax
 
SUMMARY OF PROVISIONS:
Section 1 of the bill amends Section 2 of chapter 332 of the laws of
2019, as amended by chapter 465 of the laws of 2022, to extend the expi-
ration date for Madison County's authority to impose an additional mort-
gage recording tax from December 1, 2025, to December 1, 2027.
Section 2 provides that the act shall take effect immediately.
 
JUSTIFICATION:
The county of Madison has requested this legislation to extend their
authority to impose a mortgage recording tax, until December 1, 2027.
 
PRIOR LEGISLATIVE HISTORY:
2022: A 10173
2019: A7711
 
FISCAL IMPLICATIONS OR STATE AND LOCAL GOVERNMENTS:
None to the State.
 
EFFECTIVE DATE:
This act shall take effect immediately.
STATE OF NEW YORK
________________________________________________________________________
8685
2025-2026 Regular Sessions
IN ASSEMBLY
May 29, 2025
___________
Introduced by M. of A. MILLER -- read once and referred to the Committee
on Ways and Means
AN ACT to amend chapter 332 of the laws of 2019, amending the tax law
relating to authorizing the county of Madison to impose an additional
mortgage recording tax, 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 332 of the laws of 2019, amending the
2 tax law relating to authorizing the county of Madison to impose an addi-
3 tional mortgage recording tax, as amended by chapter 465 of the laws of
4 2022, is amended to read as follows:
5 § 2. This act shall take effect immediately and shall expire and be
6 deemed repealed December 1, [2025] 2027.
7 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD13271-01-5