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NY A04533

Bill

Official Source

Status

Introduced

2/6/2013

Primary Sponsor

Joseph Borelli

Click for details

Origin

Assembly

2013-2014 General Assembly

AI Summary

  • Terminates the state mortgage recording tax on mortgages recorded on or after September 1, 2013
  • Repeals the fifty-cent per one hundred dollars tax on mortgage principal debt or obligation for properties in New York State
  • Repeals the additional twenty-five to thirty-cent tax imposed on mortgages recorded after July 1, 1969, which varied by county location relative to the metropolitan commuter transportation district
  • Maintains the mortgage recording tax only for mortgages recorded before September 1, 2013
  • Takes effect immediately upon enactment

Legislative Description

Provides for the termination of the state mortgage recording tax.

Last Action

held for consideration in ways and means

6/17/2014

Committee Referrals

Ways and Means2/6/2013

Full Bill Text

No bill text available