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New York State Assembly

Speaker Carl E. Heastie
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A08114 Summary:

BILL NOA08114A
 
SAME ASSAME AS S07525-A
 
SPONSORSteck
 
COSPNSR
 
MLTSPNSR
 
Amd §2, Chap 405 of 2005
 
Extends the authorization to impose a county recording tax on obligations secured by a mortgage on real property in Albany County.
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A08114 Actions:

BILL NOA08114A
 
04/30/2025referred to ways and means
05/28/2025amend and recommit to ways and means
05/28/2025print number 8114a
06/12/2025reported referred to rules
06/13/2025reported
06/13/2025rules report cal.746
06/13/2025ordered to third reading rules cal.746
06/13/2025substituted by s7525a
 S07525 AMEND=A FAHY
 04/21/2025REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
 04/29/20251ST REPORT CAL.879
 04/30/20252ND REPORT CAL.
 05/01/2025ADVANCED TO THIRD READING
 05/27/2025PASSED SENATE
 05/27/2025DELIVERED TO ASSEMBLY
 05/27/2025referred to ways and means
 05/28/2025RECALLED FROM ASSEMBLY
 05/28/2025returned to senate
 05/28/2025VOTE RECONSIDERED - RESTORED TO THIRD READING
 05/28/2025AMENDED ON THIRD READING 7525A
 06/05/2025REPASSED SENATE
 06/05/2025RETURNED TO ASSEMBLY
 06/05/2025referred to ways and means
 06/13/2025substituted for a8114a
 06/13/2025ordered to third reading rules cal.746
 06/13/2025home rule request
 06/13/2025passed assembly
 06/13/2025returned to senate
 08/04/2025DELIVERED TO GOVERNOR
 08/07/2025SIGNED CHAP.312
 04/21/2025REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
 04/29/20251ST REPORT CAL.879
 04/30/20252ND REPORT CAL.
 05/01/2025ADVANCED TO THIRD READING
 05/27/2025PASSED SENATE
 05/27/2025DELIVERED TO ASSEMBLY
 05/27/2025referred to ways and means
 05/28/2025RECALLED FROM ASSEMBLY
 05/28/2025returned to senate
 05/28/2025VOTE RECONSIDERED - RESTORED TO THIRD READING
 05/28/2025AMENDED ON THIRD READING 7525A
 06/05/2025REPASSED SENATE
 06/05/2025RETURNED TO ASSEMBLY
 06/05/2025referred to ways and means
 06/13/2025substituted for a8114a
 06/13/2025ordered to third reading rules cal.746
 06/13/2025home rule request
 06/13/2025passed assembly
 06/13/2025returned to senate
 08/04/2025DELIVERED TO GOVERNOR
 08/07/2025SIGNED CHAP.312
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A08114 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
 submitted in accordance with Assembly Rule III, Sec 1(f)




 
BILL NUMBER: A8114A
 
SPONSOR: Steck

 
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, 2027
 
Section 2 sets the effective date
 
 
JUSTIFICATION:
 
Per local request this legislation extends the Albany County Mortgage
recording tax until December 1, 2027
 
 
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.
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A08114 Text:




 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         8114--A
 
                               2025-2026 Regular Sessions
 
                   IN ASSEMBLY
 
                                     April 30, 2025
                                       ___________
 
        Introduced  by M. of A. STECK -- read once and referred to the Committee
          on Ways and Means  --  committee  discharged,  bill  amended,  ordered
          reprinted as amended and recommitted to said committee
 
        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
          recording  tax  on obligations secured by a mortgage on real property,
          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 405 of the laws of 2005 amending the
     2  tax law relating to authorizing the county of Albany to impose a  county
     3  recording  tax on obligations secured by a mortgage on real property, as
     4  amended by chapter 338 of the laws  of  2023,  is  amended  to  read  as
     5  follows:
     6    §  2.  This  act shall take effect on the thirtieth day after it shall
     7  have become a law and shall expire and be deemed repealed on  the  first
     8  of December, [2025] 2027.
     9    § 2. This act shall take effect immediately.
 
 
 
 

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11704-02-5
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