Relates to the authority for the impose an additional mortgage recording tax in Otsego county

Latest action Aug 7, 2025

Extends the authority for the county of Otsego to impose an additional mortgage recording tax.

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Where it stands

Signed into law.

Introduced
In committee
Up for a vote
Passed one chamber
Passed
Enacted

New York State Senate

Same as A5479, the matching bill in the Assembly.

Committee

Investigations And Government Operations · New York State Senate

Also referred to Ways and Means · New York State Assembly.

Purpose, from the sponsor's memo

Imposes the collection of the additional 1/4% mortgage recording tax.

Filed with the bill. Read it on nysenate.gov (opens in a new tab)

Recorded votes

Vote: Floor vote
NY SenateMay 27, 2025Result: passed
(50) (9) (0) (4)
Vote: Committee vote · Investigations And Government Operations
Senate Investigations And Government OperationsApr 29, 2025Result: passed
(7) (0) (0) (0)

The sponsor's argument

Why Peter Oberacker says this is needed

Otsego County and most all of New York State's counties are beset by increasing costs in providing county municipal service and in responding to unfunded mandates imposed by the State of New York, and Otsego County does not believe it is fair to unduly raise the ad valorem tax upon the property owners in this county to pay these increased costs; rather a mortgage tax increase appears to be a fair means of raising additional revenue for needed programs and services; and The County of Otsego has adopted a resolution (No.68-20250102) request- ing the New York State Legislature to amend the Tax Law and for adoption of the legislation necessary to authorize imposition of the additional mortgage '4% tax pursuant to Tax Law section 253(2)(a) and payment of said tax to the general fund of the County of Otsego pursuant to an amendment to Tax Law section 261(1) or other sections of the Tax Law as deemed necessary to expire December 31, 2027.

This is the sponsor's own case for the bill, quoted from their memorandum. It is not Agora's description of what the bill does.

Full history

Aug 7, 2025
Signed
SIGNED CHAP.259
NY Senate
Aug 4, 2025
Sent to the executive
DELIVERED TO GOVERNOR
NY Senate
Jun 13, 2025
Ordered to Third Reading Rules CAL.724
ORDERED TO THIRD READING RULES CAL.724
NY Assembly
Jun 13, 2025
Passed a chamber
PASSED ASSEMBLY
NY Assembly
Jun 13, 2025
Reported out of committee
REPORTED REFERRED TO RULES
NY Assembly

Show full history (9 earlier events)

Jun 13, 2025
Substituted
SUBSTITUTED FOR A5479
NY Assembly
May 27, 2025
Sent to the executive
DELIVERED TO ASSEMBLY
NY Senate
May 27, 2025
Passed a chamber
PASSED SENATE
NY Senate
May 27, 2025
Referred to committee
REFERRED TO WAYS AND MEANS
NY Assembly
May 1, 2025
Advanced to Third Reading
ADVANCED TO THIRD READING
NY Senate
Apr 30, 2025
2ND Report CAL.
2ND REPORT CAL.
NY Senate
Apr 29, 2025
1ST Report CAL.801
1ST REPORT CAL.801
NY Senate
Feb 14, 2025
Referred to committee
REFERRED TO WAYS AND MEANS
NY Assembly
Jan 15, 2025
Referred to committee
REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
NY Senate

About this record

Summary: The summary comes from NY Open Legislation, the New York State Senate's public record. For more, see How we handle summaries.
Source: From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 21, 2026. About our data

Read the record

Read on NY Senate (opens in a new tab) The official record on nysenate.gov.

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