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Bill

A 6659

Extends provisions relating to the mortgage tax in the county of Steuben

2025 Regular Session Introduced by Andrea Bailey and 2 co-sponsors

Bill A 6659 extends the mortgage tax in Steuben County, ensuring continued funding for local services, impacting homebuyers and property owners in real estate transactions.

SUBSTITUTED BY S3495
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WeVote Research Nonpartisan
Bill Summary · A 6659

Summary of Bill A 6659

Bill Overview

  • Bill Number: A 6659
  • Title: Extends provisions relating to the mortgage tax in the county of Steuben
  • Status: Substituted by S3495
  • Introduced: March 07, 2025
  • Classification: Bill

Purpose and Intent

Bill A 6659 aims to extend existing provisions related to the mortgage tax specifically for the county of Steuben. The intent of this legislation is to continue the application of the mortgage tax, which is a critical revenue source for local government and public services.

Key Provisions

While the specific text of the bill is not provided, the primary focus of A 6659 is to:
- Extend the Mortgage Tax: The bill seeks to prolong the current provisions governing the mortgage tax in Steuben County, ensuring that the tax remains in effect beyond its previously established expiration date.

Impact

Who Would Be Affected?

  • Homebuyers and Property Owners: Individuals and entities engaging in real estate transactions within Steuben County would be subject to the mortgage tax, which could affect the overall cost of purchasing property.
  • Local Government: The extension of the mortgage tax is expected to provide continued funding for local services and infrastructure, which is vital for the county's operational budget.

Legislative Timeline

  • March 07, 2025: Bill A 6659 was introduced and referred to the Ways and Means Committee.
  • May 27, 2025: The bill was reported and referred to the Rules Committee.
  • June 17, 2025: The bill was reported again, ordered to third reading, and subsequently substituted by S3495.

Related Bills

  • A 4918: A prior-session bill that may have addressed similar issues regarding mortgage tax provisions.
  • S 3495: The companion bill that has substituted A 6659, likely containing similar or expanded provisions regarding the mortgage tax in Steuben County.

Conclusion

Bill A 6659 is a legislative effort to ensure the continuity of the mortgage tax in Steuben County, which plays a significant role in local revenue generation. The substitution of this bill by S3495 indicates a legislative strategy to streamline or enhance the provisions related to the mortgage tax. Stakeholders, particularly those involved in real estate transactions, should stay informed about the implications of this legislation as it progresses.

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

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