Loading chat...
NY A00202
Bill
Status
Introduced
1/5/2011
Primary Sponsor
Rory Lancman
Click for details
AI Summary
- Requires all municipalities with local mortgage taxes or recording taxes to grant exemptions from such taxes for homeowners refinancing their real property, up to the amount of the original mortgage
- Directs the Tax Commissioner to promulgate rules and regulations establishing qualifications, proof requirements, and procedures for mortgagors to obtain the refinancing exemption
- Takes effect immediately upon enactment, with the Commissioner authorized to adopt necessary rules and regulations by the effective date
Legislative Description
Enacts the bad loan escape act.
Last Action
referred to ways and means
1/5/2011
Committee Referrals
Ways and Means1/5/2011
Full Bill Text
No bill text available