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Bill

A 8210

Extends provisions of law authorizing the county of Cortland to impose an additional mortgage recording tax

2025 Regular Session Introduced by Jeff Gallahan and 1 co-sponsor

Bill A 8210 allows Cortland County to continue an additional mortgage recording tax, boosting local revenue for infrastructure and public services, impacting homebuyers and property owners.

SIGNED CHAP.239
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WeVote Research Nonpartisan
Bill Summary · A 8210

Summary of Bill A 8210

Bill Information

  • Bill Number: A 8210
  • Title: Extends provisions of law authorizing the county of Cortland to impose an additional mortgage recording tax
  • Status: Signed into law (Chapter 239)
  • Introduced: May 5, 2025
  • Classification: Legislative Bill

Purpose and Intent

Bill A 8210 aims to extend the authority of Cortland County to impose an additional mortgage recording tax. This extension is intended to provide the county with a continued revenue source that can be utilized for various local needs, including infrastructure improvements, public services, and other essential community projects.

Key Provisions

  • Extension of Tax Authority: The bill allows Cortland County to continue levying an additional mortgage recording tax beyond the previously established expiration date.
  • Tax Rate and Application: While the specific tax rate is not detailed in the bill summary, the additional tax is typically applied to the total amount of the mortgage recorded in the county's official records.
  • Use of Revenue: The revenue generated from this additional tax is expected to be allocated towards local government services and infrastructure projects, although specific allocations may be determined by future county budgets.

Affected Parties

  • Cortland County Residents: Homebuyers and property owners in Cortland County will be directly affected by the additional mortgage recording tax, as it will increase the cost of obtaining a mortgage.
  • Local Government: The county government will benefit from the additional revenue, which can be used to fund various public services and projects.

Legislative Timeline

  • May 5, 2025: Bill introduced and referred to the Ways and Means Committee.
  • June 4, 2025: Reported and referred to Rules.
  • June 6, 2025: Passed in the Assembly and delivered to the Senate.
  • June 9, 2025: Substituted for companion bill S 7912, passed in the Senate, and returned to the Assembly.
  • August 4, 2025: Delivered to the Governor.
  • August 7, 2025: Signed into law as Chapter 239.

Related Bills

  • S 7912: This is the companion bill to A 8210, which shares similar provisions regarding the mortgage recording tax in Cortland County.

Conclusion

Bill A 8210 represents a significant legislative action that allows Cortland County to maintain an additional source of revenue through a mortgage recording tax. This extension is crucial for supporting local government functions and addressing community needs. The bill's passage ensures that the county can continue to fund essential services and infrastructure projects that benefit its residents.

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

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