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S 6336

Extends the authorization of the county of Genesee to impose a county recording tax on obligation secured by a mortgage on real property

2025 Regular Session Introduced by George Borrello

Bill S 6336 allows Genesee County to continue imposing a recording tax on mortgages, ensuring steady revenue for local services and impacting property transaction costs.

SIGNED CHAP.291
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Bill Summary · S 6336

Summary of Bill S 6336

Bill Overview

  • Bill Number: S 6336
  • Title: Extends the authorization of the county of Genesee to impose a county recording tax on obligations secured by a mortgage on real property.
  • Status: Signed into law as Chapter 291 on August 7, 2025.
  • Introduced: March 11, 2025

Purpose and Intent

The primary purpose of Bill S 6336 is to extend the authority of Genesee County to impose a recording tax on mortgages secured by real property. This tax is intended to generate revenue for the county, which can be utilized for various local government functions and services.

Key Provisions

  • Extension of Authority: The bill allows Genesee County to continue imposing a recording tax on mortgage obligations, which is crucial for maintaining the county's revenue stream.
  • Tax Application: The recording tax applies specifically to obligations secured by mortgages on real property, ensuring that the tax is relevant to real estate transactions within the county.

Affected Parties

  • County Government: The extension of this tax will directly benefit the Genesee County government by providing a consistent source of revenue.
  • Property Owners and Buyers: Individuals and entities securing mortgages on real property in Genesee County will be subject to this recording tax, potentially affecting the overall cost of obtaining a mortgage.

Legislative Timeline

  • March 11, 2025: Bill introduced and referred to the Committee on Investigations and Government Operations.
  • May 27, 2025: Passed in the Senate and delivered to the Assembly.
  • June 10, 2025: Passed in the Assembly and returned to the Senate; subsequently substituted for Assembly Bill A6800.
  • August 4, 2025: Delivered to the Governor for approval.
  • August 7, 2025: Signed into law as Chapter 291.

Related Legislation

  • S 5734: A related bill from the prior legislative session.
  • A 6800: The companion bill in the Assembly that was substituted for S 6336.

Conclusion

Bill S 6336 is a legislative measure that secures the financial resources of Genesee County by extending the authority to impose a recording tax on mortgages. This law is significant for local governance and impacts property transactions within the county, ensuring that the county can continue to fund essential services.

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

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