BILL NUMBER: S7128
SPONSOR: WALCZYK
 
TITLE OF BILL:
An act to amend chapter 326 of the laws of 2006 amending the tax law
relating to authorizing the county of Hamilton to impose a county
recording tax on obligations secured by mortgages on real property, in
relation to extending the expiration thereof
 
PURPOSE OR GENERAL IDEA OF BILL:
Extends authorization of the county of Hamilton to impose a mortgage
recording tax.
 
SUMMARY OF PROVISIONS:
Section 1 - Amends chapter 348 of 2023 to extend Hamilton County's
authorization to impose a mortgage recording tax until 2027.
Section 2 - Provides the effective date.
 
JUSTIFICATION:
Hamilton County has requested this legislation.
 
PRIOR LEGISLATIVE HISTORY:
New Bill
 
FISCAL IMPLICATIONS FOR TATE AND LOCAL GOVERNMENTS:
None to the State.
 
EFFECTIVE DATE:
This act shall take effect immediately.