New York Assembly Bill A07847 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 7847 2023-2024 Regular Sessions  IN ASSEMBLY July 7, 2023 ___________ Introduced by M. of A. DURSO -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to exempting from the mortgage recording tax mortgages executed by a veteran first time homebuyer The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 253 of the tax law is amended by adding a new 2 subdivision 4 to read as follows: 3 4. Notwithstanding any other provision of law to the contrary, the 4 mortgage recording tax shall not be imposed upon any mortgage executed 5 by a veteran, as defined in section one of the veterans' services law, 6 who is a first time homebuyer. 7 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11797-01-3