BILL NUMBER: S21
SPONSOR: STEC
 
TITLE OF BILL:
An act to amend the tax law, in relation to expenditures for Warren
county community colleges; and to amend chapter 368 of the laws of 2008,
amending the tax law relating to authorizing the county of Warren to
impose an additional mortgage recording tax, in relation to extending
the effectiveness thereof
 
PURPOSE:
To extend Warren County's mortgage tax and correct a conflict in exist-
ing law about where the money can be dedicated.
 
SUMMARY OF PROVISIONS:
Section 1 - Amends subdivision 1 of section 261 of the tax law to remove
Warren County from paragraph (g).
Section 2 - Amends subdivision 1 of section 261 of the tax law to remove
Warren County from paragraph (g).
Section 3 - Extends Warren County's mortgage recording tax through Dec.
1, 2027
Section 4 - Provides effective date
 
JUSTIFICATION:
Recently, Warren County joined the Capital District Transportation
Authority, and state law requires that a county's mortgage recording tax
be dedicated to paying for this service.
However, preexisting state law also required Warren County's tax be
applied to the support of its community college, SUNY Adirondack. For
years, Warren County has supplemented its support of the college from
the general fund.
This bill would rectify the conflict within state tax law and extend
Warren County's mortgage recording tax for an additional two years.
 
LEGISLATIVE HISTORY:
New bill
 
FISCAL IMPLICATIONS:
None
 
EFFECTIVE DATE:
This act shall take effect immediately; provided that the amendments to
paragraph (g) of subdivision 1 of section 261 of the tax law made by
section one of this act shall be subject to the expiration and reversion
of such paragraph pursuant to section 3 of chapter 3 27 of the laws of
2006, as amended, when upon such date the provisions of section two of
this act shall take effect.

Statutes affected:
S21: 261 tax law, 261(1) tax law