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A 7443

Extends provisions allowing the county of Fulton to impose a mortgage recording tax

2025 Regular Session Introduced by Robert Smullen

Extends Fulton County's authority to impose a mortgage recording tax on mortgage filings, sustaining county revenue for services and affecting lenders, title pros, and borrowers.

SUBSTITUTED BY S6216
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Bill Summary · A 7443

Summary: Bill A 7443 – Extends Fulton County Mortgage Recording Tax Authority

Overview

  • Bill: A 7443
  • Title: Extends provisions allowing the county of Fulton to impose a mortgage recording tax
  • Primary sponsor: Robert Smullen
  • Introduced: March 28, 2025
  • Status: Substituted by S6216 (A 7443 has been replaced by Senate Bill S6216; the companion Senate measure now carries the active vehicle)
  • Related: A 7118 (prior-session); S 6216 (companion)

What the bill would do

  • The bill would extend the statutory authority for Fulton County to impose a mortgage recording tax. This means Fulton County would continue to have the ability to levy a tax on mortgage recording activities within the county as authorized by law.
  • The substitution to S6216 indicates the bill’s text has moved to the Senate as S6216, creating the active vehicle for consideration and potential enactment.

Key provisions (as described)

  • Extend existing provisions: The legislation maintains or prolongs the legal framework that allows Fulton County to impose a mortgage recording tax, rather than creating a new tax or altering the tax’s rate (specific rate details are not provided in the summary).
  • Geographic scope: Applies to mortgage recordings within Fulton County.
  • Revenue use: Typically, mortgage recording tax revenue supports county operations and services, though specific allocations are not detailed in the summary.

Affected parties

  • Fulton County government and its fiscal operations
  • Lenders, title/real estate professionals, and borrowers involved in real estate transactions in Fulton County (mortgage recordings)
  • County clerk’s office responsible for recording and collecting the tax

Procedural timeline and status

  • 2025-03-28: Introduced and referred to Ways and Means
  • 2025-06-06: Referred to Rules
  • 2025-06-12: Reported (Rules CAL.664) and ordered to third reading
  • 2025-06-13: Substituted by S6216 (A 7443 effectively replaced by the Senate companion)

Related and companion measures

  • Companion: S 6216 (current active Senate vehicle)
  • Related prior-session bill: A 7118
  • The A 7443 text has been substituted by S6216, indicating the Senate version is the active vehicle for consideration.

Potential fiscal and practical impact

  • Fiscal: If enacted, Fulton County would retain or establish the authority to collect mortgage recording tax revenue, supporting local funding needs. The exact fiscal impact depends on the tax rate and the volume of mortgage recordings.
  • Practical: Real estate closings in Fulton County may involve this tax as part of recording costs, with any rate changes or extended authority enabling continued revenue generation for local government services.

Next steps

  • Monitor the progress of S6216 (the substituted Senate bill) for final passage and any amendments.
  • If enacted, review the enacted text for specific rate, sunset or renewal provisions, and any earmarked uses of mortgage recording tax revenue.

Compiled from official sources — confirm details with the bill’s official record.

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