NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A6590
SPONSOR: Kelles TITLE OF BILL:
An act to amend chapter 443 of the laws of 2007 amending the tax law
relating to authorizing the county of Cortland to impose an additional
mortgage recording tax, in relation to extending the effectiveness of
such provisions
PURPOSE:
The bill authorizes Cortland County to extend their mortgage recording
tax.
SUMMARY OF PROVISIONS:
Section one of the bill extends the authorization of Cortland County to
impose an additional mortgage recording tax for two years.
Section two establishes the effective date.
JUSTIFICATION:
Cortland County requested legislation to extend their authorization to
impose the additional mortgage recording tax which is set to expire this
year.
LEGISLATIVE HISTORY:
Extends Chapter 58 of the laws of 2020. FISCAL IMPLICATIONS: This
legislation extends the authority for Cortland County to impose the
additional rate, but will have no fiscal implications for the state
EFFECTIVE DATE:
This act shall take effect immediately.
STATE OF NEW YORK
________________________________________________________________________
6590
2023-2024 Regular Sessions
IN ASSEMBLY
April 20, 2023
___________
Introduced by M. of A. KELLES -- read once and referred to the Committee
on Ways and Means
AN ACT to amend chapter 443 of the laws of 2007 amending the tax law
relating to authorizing the county of Cortland to impose an additional
mortgage recording tax, in relation to extending the effectiveness of
such provisions
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 443 of the laws of 2007 amending the
2 tax law relating to authorizing the county of Cortland to impose an
3 additional mortgage recording tax, as amended by section 1 of item E of
4 subpart E of part XXX of chapter 58 of the laws of 2020, is amended to
5 read as follows:
6 § 2. This act shall take effect on the sixtieth day after it shall
7 have become a law and shall expire and be deemed repealed December 1,
8 [2023] 2025.
9 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD10718-01-3
