NY Tax L § 253-K (2021)
2021 New York Laws TAX - Tax Article 11 - Tax on Mortgages 253-K - Recording Tax Imposed by the County of Genesee.

* §  253-k. Recording tax imposed by the county of Genesee. 1. Genesee   county, acting through its local legislative body, is hereby  authorized   and  empowered  to  adopt and amend local laws imposing in such county a   tax of twenty-five cents for each one hundred dollars and each remaining   major fraction thereof of principal debt or obligation which is or under   any contingency may be secured at the date of execution thereof,  or  at   any time thereafter, by a mortgage on real property situated within such   county  and  recorded  on  or  after  the date upon which such tax takes   effect and a tax of twenty-five cents on such mortgage if the  principal   debt or obligation which is or by any contingency may be secured by such   mortgage is less than one hundred dollars.2.  The  taxes  imposed  under  the authority of this section shall be   administered and collected in the same manner as the taxes imposed under   subdivision one of section two hundred fifty-three and paragraph (b)  of   subdivision  one  of  section  two  hundred  fifty-five of this article.   Except as otherwise provided in this section, all the provisions of this   article relating to or applicable to the administration  and  collection   of  the  taxes  imposed  by  such  subdivisions shall apply to the taxes   imposed under the authority of this section with such  modifications  as   may  be  necessary to adapt such language to the tax so authorized. Such   provisions shall apply with the  same  force  and  effect  as  if  those   provisions  had  been  set  forth  in full in this section except to the   extent that any provision is either inconsistent  with  a  provision  of   this  section or not relevant to the tax authorized by this section. For   purposes of this section, any reference in this article to  the  tax  or   taxes  imposed by this article shall be deemed to refer to a tax imposed   pursuant to this section, and any reference to the phrase  "within  this   state"  shall  be  read  as  "within Genesee county", unless a different   meaning is clearly required.3. Where the real property covered by the mortgage subject to the  tax   imposed  pursuant  to  the authority of this section is situated in this   state but within and without the county imposing such tax, the amount of   such tax due and payable to such county shall be determined in a  manner   similar to that prescribed in the first paragraph of section two hundred   sixty  of  this  article which concerns real property situated in two or   more counties. Where such property is situated both within  such  county   and  without  the state, the amount due and payable to such county shall   be determined in the manner prescribed in the second paragraph  of  such   section  two  hundred  sixty which concerns property situated within and   without the state. Where real property is situated  within  and  without   the  county imposing such tax, the recording officer of the jurisdiction   in which the mortgage is first recorded shall be required to collect the   taxes imposed pursuant to this section.4. A tax imposed pursuant to the authority of this section shall be in   addition to the taxes imposed by section two hundred fifty-three of this   article.5. Notwithstanding any provision of this article to the contrary,  the   balance  of  all  moneys  paid to the recording officer of the county of   Genesee during each month upon account of the tax  imposed  pursuant  to   the authority of this section, after deducting the necessary expenses of   his  or  her office as provided in section two hundred sixty-two of this   article, except taxes paid upon mortgages which under the provisions  of   this  section  or section two hundred sixty of this article are first to   be apportioned by the commissioner, shall be paid over by  such  officer   on  or before the tenth day of each succeeding month to the treasurer of   Genesee county and,  after  the  deduction  by  such  treasurer  of  the   necessary  expenses of his or her office provided in section two hundred   sixty-two of this article shall be deposited in the general fund of  the    county of Genesee for expenditure on any county purpose. Notwithstanding   the  provisions  of  the preceding sentence, the tax so imposed and paid   upon mortgages covering real property situated in two or more  counties,   which  under the provisions of this section or section two hundred sixty   of this article are first to be apportioned by the  commissioner,  shall   be  paid over by the recording officer receiving the same as provided by   the determination of said commissioner.6. Each enactment of a local law may provide for the imposition  of  a   mortgage  tax  for  a period of time no longer than three years from the   date of its enactment.  Nothing  in  this  section  shall  prohibit  the   adoption and enactment of local laws, pursuant to the provisions of this   section,  upon the expiration of any other local law adopted pursuant to   this section.7. Any local law imposing a tax pursuant  to  the  authority  of  this   section  or repealing or suspending such a tax shall take effect only on   the first day of a calendar  month.  Such  a  local  law  shall  not  be   effective  unless  a  certified  copy thereof is mailed by registered or   certified mail to the  commissioner  at  the  commissioner's  office  in   Albany  at  least thirty days prior to the date the local law shall take   effect.8. Certified copies of any local law described in this  section  shall   also  be  filed  with  the  county  clerk  of the county of Genesee, the   secretary of state and the state comptroller within five days after  the   date it is duly enacted.* NB Repealed November 1, 2023