BILL NUMBER: S7525
SPONSOR: FAHY
 
TITLE OF BILL:
An act to amend chapter 405 of the laws of 2005 amending the tax law
relating to authorizing the county of Albany to impose a county record-
ing tax on obligations secured by a mortgage on real property, in
relation to extending the effectiveness thereof
 
PURPOSE:
Extends the authorization to impose a county recording tax on obli-
gations secured by a mortgage on real property in Albany County
 
SUMMARY OF SPECIFIC PROVISIONS:
Section 1 amends section 2 of chapter 405 of the laws of 2005 by chang-
ing the date of expiration to the first of December, 2026
Section 2 sets the effective date
 
JUSTIFICATION:
Per local request this legislation extends the Albany County Mortgage
recording tax until December 1, 2026
 
LEGISLATIVE HISTORY:
New bill
 
FISCAL IMPLICATIONS:
To be determined
 
EFFECTIVE DATE:
This act shall take effect on the thirtieth day after it shall have
become law.