These bills have impact on the Town of Chester, Co-ops, electronic records, corporate fines and tax exemptions in Nassau County.

Governor Hochul has signed A8651-a/S7780-b.

TITLE OF BILL:
 
An act to amend the private housing finance law, in relation to the
amount of taxes paid by a cooperative
 
 
PURPOSE OF BILL:
 
This bill would authorize Article V mutual redevelopment companies in
cities with a population of over one million people to pay no more than
five percent tax on their shelter rent
 
 
SUMMARY OF PROVISIONS:
 
Section 1 of the bill amends section 125 of the private housing finance
law to ensure that.the shelter tax minimum rate for article five co-ops
is no greater than five percent

Section 2 is the effective date
 
 
JUSTIFICATION:
 
This bill would provide relief to Penn South, the only remaining Article
V co-op property. Penn South faces rising operational costs, which
threaten to impact building quality and financial health. There is an
acute shortage of affordable housing and this legislation would ensure
the viability of what already exists.
 
Additionally, this bill would ensure that Penn South receives equal tax
treatment compared to Article II Mitchell Lama developments.  These
properties were previously treated similarly and this bill would restore
that equal treatment.

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Bill No.     
A5380    Bronson
Extends the authorization for the county of Monroe to impose certain sales and compensating use taxes
Same as S 6669 COONEY
SUMM : Amd S1210, Tax L Extends the authorization for the county of Monroe to impose certain sales and compensating use taxes to November 30, 2027.
Eff. Date 08/07/2025

A6531    Miller
Extends authorization of the county of Herkimer to impose a county recording tax on obligation secured by a mortgage on real property
Same as S 5607 WALCZYK
SUMM : Amd S2, Chap 549 of 2005 Extends authorization of the county of Herkimer to impose a county recording tax on obligation secured by a mortgage on real property to 12/01/2027.
Eff. Date 08/07/2025 

A8210    Kelles CO: Gallahan
Extends provisions of law authorizing the county of Cortland to impose an additional mortgage recording tax
Same as S 7912 WEBB
SUMM : Amd S2, Chap 443 of 2007 Extends provisions of law authorizing the county of Cortland to impose an additional mortgage recording tax until December 1, 2027.
Eff. Date 08/07/2025 

S21    STEC
Relates to expenditures for Warren county community colleges; extends the effectiveness of provisions relating to an additional Warren county mortgage recording tax
Same as A 3980 Simpson
SUMM : Amd S261, Tax L; amd S2, Chap 368 of 2008 Relates to Warren county no longer providing community colleges funding with excess funds from the collection of mortgage recording taxes as such money is allocated to the CDTA; extends the effectiveness of provisions relating to an additional Warren county mortgage recording tax to December 1, 2027.
Eff. Date 08/07/2025 


S1078A    HELMING
Extends provisions of law authorizing the county of Livingston to impose an additional mortgage recording tax
Same as A 2728-A Bailey
SUMM : Amd S2, Chap 373 of 2019 Extends provisions of law authorizing the county of Livingston to impose an additional mortgage recording tax until December 1, 2027.
Eff. Date 08/07/2025

S2111    OBERACKER
Relates to the authority for the impose an additional mortgage recording tax in Otsego county
Same as A 5479 Tague
SUMM : Amd S2, Chap 374 of 2024 Extends the authority for the county of Otsego to impose an additional mortgage recording tax.
Eff. Date 08/07/2025

S3495    O'MARA
Extends provisions relating to the mortgage tax in the county of Steuben
Same as A 6659 Palmesano
SUMM : Amd S3, Chap 365 of 2005 Extends provisions relating to the mortgage tax in the county of Steuben until December 1, 2027.
Eff. Date 08/07/2025 

S3497    O'MARA
Extends provisions relating to the mortgage tax in the county of Yates
Same as A 4069 Palmesano
SUMM : Amd S2, Chap 366 of 2005 Extends provisions relating to the mortgage tax in the county of Yates until December 1, 2027.
Eff. Date 08/07/2025

S3626    OBERACKER
Extends the authorization for the county of Schoharie to impose a county recording tax on obligation secured by a mortgage on real property
Same as A 4135 Tague
SUMM : Amd S2, Chap 333 of 2006 Extends the authorization for the county of Schoharie to impose a county recording tax on obligation secured by a mortgage on real property.
Eff. Date 08/07/2025

S4543    OBERACKER
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
Same as A 5351 Angelino
SUMM : Amd S2, Chap 376 of 2024; amd S261, Tax L Extends the mortgage recording tax for Chenango county; relates to the depositing of mortgage recording tax funds into the general fund of the county of Chenango.
Eff. Date 08/07/2025


S6212    HINCHEY
Extends the authorization of the county of Greene to impose an additional mortgage recording tax
Same as A 5007 Tague
SUMM : Amd S2, Chap 218 of 2009 Extends the authorization of the county of Greene to impose an additional mortgage recording tax.
Eff. Date 08/07/2025

S6216    WALCZYK
Extends provisions allowing the county of Fulton to impose a mortgage recording tax
Same as A 7443 Smullen
SUMM : Amd S2, Chap 489 of 2004 Extends provisions allowing the county of Fulton to impose a county recording tax on obligation secured by a mortgage on real property to November 30, 2027.
Eff. Date 08/07/2025


S6740    BORRELLO
Extends the authorization of the county of Cattaraugus to impose an additional mortgage recording tax
Same as A 7420 Sempolinski
SUMM : Amd S2, Chap 98 of 2009 Extends the authorization of the county of Cattaraugus to impose an additional mortgage recording tax until December 1, 2027.
Eff. Date 08/07/2025

S7080    HINCHEY
Extends the authority of the county of Columbia to impose an additional real estate transfer tax
Same as A 7665 Bendett
SUMM : Amd S2, Chap 556 of 2007 Extends the authority of the county of Columbia to impose an additional real estate transfer tax by two years.
Eff. Date 08/07/2025

S7128    WALCZYK
Extends certain provisions authorizing the county of Hamilton to impose a county recording tax on obligations secured by mortgages on real property
Same as A 7713 Smullen
SUMM : Amd S2, Chap 326 of 2006 Extends certain provisions authorizing the county of Hamilton to impose a county recording tax on obligations secured by mortgages on real property to December 1, 2027.
Eff. Date 08/07/2025

S7525A    FAHY
Extends the authorization to impose a county recording tax on obligations secured by a mortgage on real property in Albany County
Same as A 8114-A Steck
SUMM : Amd S2, Chap 405 of 2005 Extends the authorization to impose a county recording tax on obligations secured by a mortgage on real property in Albany County.
Eff. Date 08/07/2025


S8180    SEPULVEDA
Extends authorization for the city of New York to sell certain property owned by such city
Same as A 8426 Cook
SUMM : Amd S2, Chap 548 of 2010 Extends the authorization for the city of New York to sell to abutting property owners real property owned by such city, consisting of tax lots that cannot be independently developed due to the size, shape, configuration and topography of such lots and the zoning regulations applicable thereto.
Eff. Date 08/07/2025

A bill that extends limitations on the shift between classes of taxable property in the town of Clarkstown, county of Rockland for an additional year was signed by Governor Hochul.  This bill would limit shifts between homestead and non-homestead property classes of no more than one percent per year

Section one of the bill amends section 1903 of the real property tax law as it relates to limiting the shift between classes of taxable property to one percent in the Town of Clarkstown.
 
Section two of the bill relates to the effective date. JUSTIFICATION:
Municipalities that have classes of taxable property(homestead/nonhomestead) are often faced with drastic fluctu-
ations in shifts between the two classes of taxable property.  Current law limits those shifts at 5% but this bill would restrict the shift in the Town of Clarkstown to no more than 1%; creating stability in the tax base from year to year. Similar legislation was proposed and implemented last year, this act will extend the limitation on the shift between
classes of taxable property to one percent in the Town of Clarkstown for another year. 

Click here for the bill text.