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NY S08583
Bill
Status
9/20/2024
Primary Sponsor
Daniel Stec
Click for details
AI Summary
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Removes the requirement that Essex County mortgage recording tax revenues be spent specifically on county correctional and public safety facility projects, allowing deposits to the general fund for any county expenses.
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Extends the expiration date of the Essex County additional mortgage recording tax authority from December 1, 2024 to December 1, 2027.
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Maintains existing provisions for apportionment of taxes on mortgages covering real property in multiple counties as determined by the commissioner.
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Becomes effective immediately, with amendments deemed in effect retroactively from December 1, 2024.
Legislative Description
Directs the remainder of the balance of certain funds paid to the recording officer of the county of Essex, to be used towards expenditures for county and public safety facility projects; extends certain provisions relating thereto to December 1, 2027.
Last Action
SIGNED CHAP.327
9/20/2024