Extends the exemption from the special additional recording tax applicable to certain nonprofit organizations to the mortgage recording tax for volunteer fire companies and voluntary ambulance services.
STATE OF NEW YORK
________________________________________________________________________
3758
2009-2010 Regular Sessions
IN ASSEMBLY
January 28, 2009
___________
Introduced by M. of A. CORWIN, CROUCH, ERRIGO, KOLB, MOLINARO, McDONOUGH
-- Multi-Sponsored by -- M. of A. CALHOUN, SAYWARD -- read once and
referred to the Committee on Ways and Means
AN ACT to amend the tax law, in relation to exempting certain volunteer
fire companies and voluntary ambulance services from payment of the
mortgage recording tax
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 252-a of the tax law is amended by adding a new
2 subdivision 3 to read as follows:
3 3. A duly organized volunteer fire company or voluntary ambulance
4 service organized other than for profit which is operated on a nonprofit
5 basis no part of the net earnings of which inures to the benefit of any
6 officer, director or member and which is exempt from federal income
7 taxation pursuant to subsection (a) of section five hundred one of the
8 internal revenue code shall be exempt from any tax or fee imposed by
9 this article.
10 § 2. This act shall take effect on the thirtieth day after it shall
11 have become a law.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD06075-01-9
