Bill Text: NY A09220 | 2011-2012 | General Assembly | Amended

New York Assembly Bill 9220 (Prior Session Legislation)

Bill Title: Prevents referees/arbiters from being held liable for interest or penalties on transfer taxes to be paid on deeds filed in their capacity as referee pursuant to a judgment of foreclosure and sale.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Engrossed - Dead) 2012-06-11 - REFERRED TO RULES [A09220 Detail]

Download: New_York-2011-A09220-Amended.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        9220--A
                                 I N  A S S E M B L Y
                                   February 7, 2012
                                      ___________
       Introduced by M. of A. LENTOL -- read once and referred to the Committee
         on  Judiciary -- committee discharged, bill amended, ordered reprinted
         as amended and recommitted to said committee
       AN ACT to amend the civil practice law and rules,  in  relation  to  the
         liability  of  referees  for interest and penalties in connection with
         transfer taxes on deeds
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Subdivision (c) of section 8003 of the civil practice law
    2  and rules is relettered subdivision (d) and a  new  subdivision  (c)  is
    3  added to read as follows:
    4    (C)  REFEREE  NOT LIABLE FOR INTEREST OR PENALTY.  A REFEREE SHALL NOT
    5  BE LIABLE FOR ANY INTEREST OR PENALTY IN CONNECTION WITH  ANY  STATE  OR
    6  LOCAL  TRANSFER  TAXES IMPOSED UPON A DEED DELIVERED BY A REFEREE TRANS-
    7  FERRING A PROPERTY PURSUANT TO A JUDGMENT OF FORECLOSURE AND SALE.
    8    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD14192-04-2