Bill Text: NY S08583 | 2023-2024 | General Assembly | Amended

---

Bill Title: 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.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2024-09-20 - SIGNED CHAP.327 [S08583 Detail]

Download: New_York-2023-S08583-Amended.html

---

                STATE OF NEW YORK
        ________________________________________________________________________

                                         8583--A

                    IN SENATE

                                    February 16, 2024
                                       ___________

        Introduced  by  Sen.  STEC  --  read twice and ordered printed, and when
          printed to be committed to the Committee on Investigations and Govern-
          ment  Operations  --  committee  discharged,  bill  amended,   ordered
          reprinted as amended and recommitted to said committee

        AN ACT to amend the tax law, in relation to expenditures for Essex coun-
          ty  correctional  and  public safety facilities projects; and to amend
          chapter 327 of the laws of 2006  amending  the  tax  law  relating  to
          authorizing  the  county  of  Essex  to  impose an additional mortgage
          recording tax, in relation to extending the effectiveness thereof

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1. Subdivision 5 of section 253-j of the tax law, as added by
     2  chapter 327 of the laws of 2006, is amended to read as follows:
     3    5. Notwithstanding any provision of this article to the contrary,  the
     4  balance  of  all  moneys  paid to the recording officer of the county of
     5  Essex during each month upon account of the tax imposed pursuant to  the
     6  authority of this section, after deducting the necessary expenses of his
     7  or her office as provided in section two hundred sixty-two of this arti-
     8  cle, except taxes paid upon mortgages which under the provisions of this
     9  section  or  section  two  hundred sixty of this article are first to be
    10  apportioned by the commissioner, shall be paid over by such  officer  on
    11  or  before  the  tenth  day of each succeeding month to the treasurer of
    12  Essex county and, after the deduction by such treasurer of the necessary
    13  expenses of his or her office provided in section two hundred  sixty-two
    14  of  this article shall be deposited in the general fund of the county of
    15  Essex [for expenditure on all expenses incurred by such county for coun-
    16  ty correctional and public safety facility projects].    Notwithstanding
    17  the  provisions  of  the preceding sentence, the tax so imposed and paid
    18  upon mortgages covering real property situated in two or more  counties,
    19  which  under the provisions of this section or section two hundred sixty
    20  of this article are first to be apportioned by the  commissioner,  shall
    21  be  paid over by the recording officer receiving the same as provided by
    22  the determination of the commissioner.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14463-04-4
        S. 8583--A                          2

     1    § 2. Section 3 of chapter 327 of the laws of 2006 amending the tax law
     2  relating to authorizing the county of  Essex  to  impose  an  additional
     3  mortgage  recording  tax, as amended by chapter 514 of the laws of 2021,
     4  is amended to read as follows:
     5    §  3.  This act shall take effect immediately; provided, however, that
     6  this act shall expire and be deemed repealed December 1, [2024] 2027.
     7    § 3. This act shall take effect immediately and  shall  be  deemed  to
     8  have  been  in  full  force  and  effect  on and after December 1, 2024;
     9  provided, however, that the amendments to subdivision 5 of section 253-j
    10  of the tax law made by section one of this  act  shall  not  affect  the
    11  repeal of such section and shall be deemed repealed therewith.