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New YorkS 45432025-2026 Regular SessionSenateWALLET

Extends the mortgage recording tax for Chenango county and relates to the depositing of mortgage recording tax funds into the general fund of the county of Chenango

Sponsored By: Peter Oberacker (Republican)

Signed by Governor

INVESTIGATIONS AND GOVERNMENT OPERATIONSWAYS AND MEANS

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 1 costs, 0 mixed.

Chenango keeps its mortgage tax revenue

Chenango's county treasurer must deposit the extra mortgage recording tax money into the county's general fund. This creates no direct household payment. Other counties still imposing the tax, except Cattaraugus, send receipts to the state general fund's state purposes account. That rule excludes Chenango. The money can increase state aid for local transportation, aviation, historic sites, parks, mental health, developmental disability facilities, and sewage treatment projects. Aid cannot exceed project costs; with multiple projects, increases are divided based on each municipality's already-committed state aid. Cattaraugus receipts go to the same state account for county office and public works office buildings, or their debt payments. That funding is capped at those costs minus state or federal funding paid or expected. The act takes effect immediately, but its amendments begin 60 days after enactment and expire December 31, 2027.

Chenango mortgage tax authority lasts through 2027

The law extends Chenango County's authority to impose an extra mortgage recording tax through December 31, 2027. That authority was set to end December 31, 2025. People recording mortgages in Chenango pay the tax if the county continues to impose it. This law does not specify a tax rate or amount.

Sponsors & Cosponsors

Sponsor

  • Peter Oberacker

    Republican • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 169 • No: 34

House vote • 6/13/2025

Assembly floor vote

Yes: 112 • No: 25

Senate vote • 5/27/2025

FLOOR Vote

Yes: 50 • No: 9

committee vote • 4/29/2025

Investigations And Government Operations Committee Vote

Yes: 7 • No: 0

Actions Timeline

  1. SIGNED CHAP.271

    8/7/2025Senate

  2. DELIVERED TO GOVERNOR

    8/4/2025Senate

  3. RETURNED TO SENATE

    6/13/2025House

  4. PASSED ASSEMBLY

    6/13/2025House

  5. HOME RULE REQUEST

    6/13/2025House

  6. ORDERED TO THIRD READING RULES CAL.653

    6/13/2025House

  7. SUBSTITUTED FOR A5351

    6/13/2025House

  8. REFERRED TO WAYS AND MEANS

    5/27/2025House

  9. DELIVERED TO ASSEMBLY

    5/27/2025Senate

  10. PASSED SENATE

    5/27/2025Senate

  11. ADVANCED TO THIRD READING

    5/1/2025Senate

  12. 2ND REPORT CAL.

    4/30/2025Senate

  13. 1ST REPORT CAL.815

    4/29/2025Senate

  14. REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

    2/6/2025Senate

Bill Text

  • Original

    2/6/2025

    PDF

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