NY A01098

Replaces references to "state tax commission" with "commissioner of taxation and finance" throughout section 260 of the tax law regarding mortgage tax apportionment.

Requires the commissioner to adjust relative property assessments by the applicable state equalization rate established under real property tax law when apportioning mortgage taxes between tax districts.

Updates gender-specific language throughout the section to use "he or she" instead of "his" in references to recording officers and the commissioner.

Corrects an archaic reference from "and" to "[and]" regarding mortgages created after July 1, 1906.

Takes effect 180 days after becoming law.