New York Assembly Bill A06800

New York 2025-2026 Regular Session

• Introduced: 3/14/25
• Refer: 3/14/25
• Report Pass: 6/6/25
• Refer: 6/6/25
• Report Pass: 6/10/25

Caption

Extends the authorization of the county of Genesee to impose a county recording tax on obligation secured by a mortgage on real property until November 1, 2027.

Summary

Bill A06800 extends the authorization for the county of Genesee to impose a county recording tax on obligations secured by mortgages on real property. This extension allows the county to continue collecting this tax until November 1, 2027, thereby providing a stable source of revenue for local government operations. The bill amends previous legislation from 2004 and updates the expiration date of the tax authority, which had been set to expire in 2025.

Impact

The bill's passage will maintain the county's ability to levy a recording tax on mortgages, which is a significant source of funding for local services and infrastructure. By extending this authority, the bill ensures that the county can continue to finance essential services without interruption. The amendment to the tax law specifically benefits the county of Genesee and aligns with previous legislative efforts to support local tax structures.

Sentiment

The sentiment surrounding Bill A06800 appears to be overwhelmingly positive, as evidenced by the unanimous votes in favor from the Assembly Ways and Means Committee and the Assembly Rules Committee. There have been no recorded objections or dissenting opinions during the discussions, indicating broad support for the extension of the tax authority.

Contention

There are no notable points of contention regarding Bill A06800, as the discussions and voting history reflect a consensus among committee members and no opposition has been documented. The lack of dissent suggests that stakeholders are in agreement about the necessity of the tax extension for the county's financial health.