S07525 Summary:
| BILL NO | S07525 |
| SAME AS | SAME AS A08114 |
| SPONSOR | FAHY |
| 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. | |
S07525 Text:
Go to topSTATE OF NEW YORK ________________________________________________________________________ 7525 2025-2026 Regular Sessions IN SENATE April 21, 2025 ___________ Introduced by Sen. FAHY -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations 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 This act shall take effect on the thirtieth day after it shall 7 have become a law and shall expire and be deemed repealed on the first 8 of December, [2025] 2026. 9 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD11704-01-5