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

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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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-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          8583

                    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

        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.
    23    § 2. Section 3 of chapter 327 of the laws of 2006 amending the tax law
    24  relating  to  authorizing  the  county  of Essex to impose an additional

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14463-02-4
        S. 8583                             2

     1  mortgage recording tax, as amended by chapter 514 of the laws  of  2021,
     2  is amended to read as follows:
     3    §  3.  This act shall take effect immediately; provided, however, that
     4  this act shall expire and be deemed repealed December 1, [2024] 2026.
     5    § 3. This act shall take effect immediately and  shall  be  deemed  to
     6  have  been  in  full  force  and  effect  on and after December 1, 2024;
     7  provided, however, that the amendments to subdivision 5 of section 253-j
     8  of the tax law made by section one of this  act  shall  not  affect  the
     9  repeal of such section and shall be deemed repealed therewith.