Bill Text: NY A08006 | 2019-2020 | General Assembly | Amended
Bill Title: Imposes an additional 0.25% mortgage recording tax in Livingston county and brings the total mortgage recording tax in Livingston county to 1.25%.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2019-10-11 - SIGNED CHAP.373 [A08006 Detail]
Download: New_York-2019-A08006-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 8006--A 2019-2020 Regular Sessions IN ASSEMBLY May 30, 2019 ___________ Introduced by M. of A. BYRNES -- read once and referred to the Committee on Ways and Means -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to authorizing the county of Livingston to impose an additional mortgage recording tax; and provid- ing for the repeal of such provisions upon expiration thereof The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The tax law is amended by adding a new section 253-y to 2 read as follows: 3 § 253-y. Recording tax imposed by the county of Livingston. 1. 4 Livingston county, acting through its local legislative body, is hereby 5 authorized and empowered to adopt and amend local laws imposing in such 6 county a tax of twenty-five cents for each one hundred dollars and each 7 remaining major fraction thereof of principal debt or obligation which 8 is or under any contingency may be secured at the date of execution 9 thereof, or at any time thereafter, by a mortgage on real property situ- 10 ated within such county and recorded on or after the date upon which 11 such tax takes effect and a tax of twenty-five cents on such mortgage if 12 the principal debt or obligation which is or by any contingency may be 13 secured by such mortgage is less than one hundred dollars. 14 2. The taxes imposed under the authority of this section shall be 15 administered and collected in the same manner as the taxes imposed under 16 subdivision one of section two hundred fifty-three and paragraph (b) of 17 subdivision one of section two hundred fifty-five of this article. 18 Except as otherwise provided in this section, all the provisions of this 19 article relating to or applicable to the administration and collection 20 of the taxes imposed by such subdivisions shall apply to the taxes 21 imposed under the authority of this section with such modifications as 22 may be necessary to adapt such language to the tax so authorized. Such 23 provisions shall apply with the same force and effect as if those EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD11988-03-9A. 8006--A 2 1 provisions had been set forth in full in this section except to the 2 extent that any provision is either inconsistent with a provision of 3 this section or not relevant to the tax authorized by this section. For 4 purposes of this section, any reference in this article to the tax or 5 taxes imposed by this article shall be deemed to refer to a tax imposed 6 pursuant to this section, and any reference to the phrase "within this 7 state" shall be read as "within Livingston county", unless a different 8 meaning is clearly required. 9 3. Where the real property covered by the mortgage subject to the tax 10 imposed pursuant to the authority of this section is situated in this 11 state but within and without the county imposing such tax, the amount of 12 such tax due and payable to such county shall be determined in a manner 13 similar to that prescribed in the first undesignated paragraph of 14 section two hundred sixty of this article which concerns real property 15 situated in two or more counties. Where such property is situated both 16 within such county and without the state, the amount due and payable to 17 such county shall be determined in the manner prescribed in the second 18 undesignated paragraph of such section two hundred sixty which concerns 19 property situated within and without the state. Where real property is 20 situated within and without the county imposing such tax, the recording 21 officer of the jurisdiction in which the mortgage is first recorded 22 shall be required to collect the taxes imposed pursuant to this section. 23 4. A tax imposed pursuant to the authority of this section shall be in 24 addition to the taxes imposed by section two hundred fifty-three of this 25 article. 26 5. Notwithstanding any provision of this article to the contrary, the 27 balance of all moneys paid to the recording officer of the county of 28 Livingston during each month upon account of the tax imposed pursuant to 29 the authority of this section, after deducting the necessary expenses of 30 his or her office as provided in section two hundred sixty-two of this 31 article, except taxes paid upon mortgages which under the provisions of 32 this section or section two hundred sixty of this article are first to 33 be apportioned by the commissioner, shall be paid over by such officer 34 on or before the tenth day of each succeeding month to the treasurer of 35 Livingston county and, after the deduction by such treasurer of the 36 necessary expenses of his or her office provided in section two hundred 37 sixty-two of this article shall be deposited in the general fund of the 38 county of Livingston for expenditure on any county purpose. Notwith- 39 standing the provisions of the preceding sentence, the tax so imposed 40 and paid upon mortgages covering real property situated in two or more 41 counties, which under the provisions of this section or section two 42 hundred sixty of this article are first to be apportioned by the commis- 43 sioner, shall be paid over by the recording officer receiving the same 44 as provided by the determination of said commissioner. 45 6. Each enactment of a local law may provide for the imposition of a 46 mortgage tax for a period of time no longer than three years from the 47 date of its enactment. Nothing in this section shall prohibit the 48 adoption and enactment of local laws, pursuant to the provisions of this 49 section, upon the expiration of any other local law adopted pursuant to 50 this section. 51 7. Any local law imposing a tax pursuant to the authority of this 52 section or repealing or suspending such a tax shall take effect only on 53 the first day of a calendar month. Such a local law shall not be effec- 54 tive unless a certified copy thereof is mailed by registered or certi- 55 fied mail to the commissioner at the commissioner's office in Albany at 56 least thirty days prior to the date the local law shall take effect.A. 8006--A 3 1 8. Certified copies of any local law described in this section shall 2 also be filed with the county clerk of the county of Livingston, the 3 secretary of state and the state comptroller within five days after the 4 date it is duly enacted. 5 § 2. This act shall take effect immediately and shall expire and be 6 deemed repealed December 1, 2022.