Extends the authorization for Albany County to impose a recording tax on mortgage obligations.

The bill amends the tax law to extend the authorization for Albany County to impose a county recording tax on obligations secured by a mortgage on real property. This authorization was initially granted by chapter 405 of the laws of 2005 and later amended by chapter 338 of the laws of 2023. The tax will take effect immediately upon the bill's enactment and will expire on December 1, 2027.

Extends the authorization for Albany County to impose a recording tax on mortgage obligations.

The bill amends the tax law to extend the authorization for Albany County to impose a county recording tax on obligations secured by a mortgage on real property. This authorization was initially granted by chapter 405 of the laws of 2005 and later amended by chapter 338 of the laws of 2023. The tax will take effect immediately upon the bill's enactment and will expire on December 1, 2027.