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NY A03758

Bill

Official Source

Status

Introduced

1/28/2009

Primary Sponsor

Nancy Calhoun

Click for details

Origin

Assembly

2009-2010 General Assembly

AI Summary

  • Exempts duly organized volunteer fire companies and voluntary ambulance services from mortgage recording tax in New York
  • Applies only to organizations organized on a nonprofit basis with no net earnings benefiting officers, directors, or members
  • Requires organizations to be exempt from federal income taxation under Section 501(a) of the Internal Revenue Code
  • Exempts qualifying organizations from any tax or fee imposed under the mortgage recording tax article
  • Takes effect 30 days after becoming law

Legislative Description

An act to amend the tax law, in relation to exempting certain volunteer fire companies and voluntary ambulance services from payment of the mortgage recording tax

Last Action

held for consideration in ways and means

7/1/2010

Committee Referrals

Ways and Means1/28/2009

Full Bill Text

No bill text available