NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A7097
SPONSOR: Bendett
 
TITLE OF BILL:
An act to amend chapter 556 of the laws of 2007 amending the tax law
relating to imposing an additional real estate transfer tax within the
county of Columbia, in relation to the effectiveness thereof
 
PURPOSE OR GENERAL IDEA OF BILL:
This bill will extend the expiration of the authorization for Columbia
County to impose an additional real estate transfer tax to December 31,
2025.
 
SUMMARY OF PROVISIONS:
Section one amends chapter 556 of the laws of 2007 to extend the author-
ization for Columbia county to impose an additional real estate transfer
tax until December 31st, 2025
Section two states the effective date.
 
JUSTIFICATION:
The Columbia County Legislature. passed Resolution 175-2023 on April
12th, 2023, requesting that the New York State Legislature introduce and
pass a bill to authorize the County to continue to impose an additional
real estate transfer tax for the period through December 31st, 2025.
 
PRIOR LEGISLATIVE HISTORY:
None.
 
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:
None to State.
 
EFFECTIVE DATE:
This act shall take effect immediately.
STATE OF NEW YORK
________________________________________________________________________
7097
2023-2024 Regular Sessions
IN ASSEMBLY
May 10, 2023
___________
Introduced by M. of A. BENDETT -- read once and referred to the Commit-
tee on Ways and Means
AN ACT to amend chapter 556 of the laws of 2007 amending the tax law
relating to imposing an additional real estate transfer tax within the
county of Columbia, in relation to the effectiveness thereof
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 2 of chapter 556 of the laws of 2007 amending the
2 tax law relating to imposing an additional real estate transfer tax
3 within the county of Columbia, as amended by section 1 of subpart F of
4 part XXX of chapter 58 of the laws of 2020, is amended to read as
5 follows:
6 § 2. This act shall take effect immediately and shall expire and be
7 deemed repealed on December 31, [2023] 2025.
8 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD10873-01-3