Exempts mortgages executed by veteran first-time homebuyers from the mortgage recording tax.

New York Assembly Bill A05487 amends the tax law to exempt mortgages executed by veteran first-time homebuyers from the mortgage recording tax. This exemption applies regardless of any other provisions of law. The bill defines a veteran as per the veterans' services law and specifies that the change takes effect immediately.

Exempts mortgages executed by veteran first-time homebuyers from the mortgage recording tax.

New York Assembly Bill A05487 amends the tax law to exempt mortgages executed by veteran first-time homebuyers from the mortgage recording tax. This exemption applies regardless of any other provisions of law. The bill defines a veteran as per the veterans' services law and specifies that the change takes effect immediately.