New York Assembly Bill A06531

New York 2025-2026 Regular Session

• Introduced: 3/5/25
• Refer: 3/5/25
• Report Pass: 4/29/25
• Refer: 4/29/25
• Report Pass: 4/30/25
• Engrossed: 4/30/25
• Refer: 4/30/25
• Engrossed: 5/27/25
• Enrolled: 8/4/25
• Chaptered: 8/7/25
• Passed: 8/7/25

Caption

Extends authorization of the county of Herkimer to impose a county recording tax on obligation secured by a mortgage on real property to 12/01/2027.

Summary

This bill extends the existing authorization for Herkimer County to impose a county recording tax on mortgages secured by real property. The measure does not create a new tax or change the tax rate; it simply updates the expiration date of the county’s current authority from December 1, 2025 to December 1, 2027. In practical terms, the bill preserves a local revenue source tied to mortgage recordings in Herkimer County. Because the underlying authorization is already in place, the bill functions as a continuation measure that keeps county taxing authority in effect for two additional years under the same statutory framework.

Impact

The bill amends chapter 549 of the laws of 2005, as previously extended, by changing the sunset date for Herkimer County’s mortgage recording tax authorization. It affects the Tax Law provisions governing county recording taxes on obligations secured by mortgages on real property, but only as to the duration of the county’s authority. The bill preserves the county’s ability to collect this revenue through December 1, 2027, and does not otherwise alter the tax structure, eligibility rules, or administration of the tax.

Sentiment

The available voting history suggests broad support for the bill. It passed the Assembly Ways and Means Committee, the Assembly Rules Committee, the Assembly floor, and the Senate floor with comfortable margins, indicating that lawmakers generally viewed the extension as routine and noncontroversial. No committee transcripts were provided, and there is no indication of organized opposition in the materials supplied.

Contention

The main point of potential contention is the continued extension of a local mortgage recording tax, which can be viewed as a burden on real estate financing and homebuyers, even though the bill itself does not raise the tax or expand it. Any opposition would likely come from those skeptical of extending local tax authority or concerned about housing costs, while supporters would emphasize the importance of maintaining county revenue. The recorded votes show limited resistance, suggesting that any disagreement was modest and did not prevent passage.