Extends the authorization of the county of Greene to impose an additional mortgage recording tax.
Summary
A05007 is a short extender bill that continues Greene County’s authority to impose an additional mortgage recording tax. The bill amends the sunset date in the existing 2009 law, as previously extended in 2023, changing the expiration from December 1, 2025 to December 1, 2027. It does not create a new tax or change the tax rate in the text provided; it simply preserves the county’s existing authorization for two more years.
Because the measure is an extension of a local taxing authority, its practical effect is to allow Greene County to keep collecting the additional mortgage recording tax for the extended period. The bill would maintain the county’s revenue stream and preserve the legal basis for the tax under state law, while leaving the underlying structure of the tax law otherwise unchanged.
Impact
The bill amends chapter 218 of the laws of 2009, as amended, by extending the repeal date of Greene County’s authorization to impose an additional mortgage recording tax from December 1, 2025 to December 1, 2027. This keeps the county’s local taxing power in place and prevents the authorization from lapsing, thereby affecting mortgage recording transactions in Greene County and the county’s related revenue collection.
Sentiment
The available voting history suggests broad support for the bill. It passed the Assembly Ways and Means Committee by a strong margin and then received unanimous approval in the Assembly Rules Committee. There are no committee transcripts indicating opposition or controversy, and the bill’s narrow scope as a routine extension likely contributed to the favorable reception.
Contention
No specific points of contention are reflected in the provided materials. The only likely area of debate would be the policy choice to continue a local mortgage recording tax, which can affect homebuyers, borrowers, and real estate transactions in Greene County. However, the recorded votes show little to no opposition, and there is no evidence in the supplied context of disagreement over the extension itself or its fiscal impact.
Extends the effectiveness of certain provisions authorizing the county of Madison to impose an additional mortgage recording tax until December 1, 2027.
Extends the effectiveness of certain provisions authorizing the county of Madison to impose an additional mortgage recording tax until December 1, 2027.