New York S 5620: Exempts from the mortgage recording tax mortgages executed by a veteran first time homebuyer

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
S05620 Summary:

BILL NOS05620 

&nbsp

SAME ASSAME AS A05487

&nbsp

SPONSORASHBY

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §253, Tax L

&nbsp

Exempts from the mortgage recording tax mortgages executed by a veteran first time homebuyer.

Go to top S05620 Actions:

BILL NOS05620 

&nbsp

02/26/2025REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

01/07/2026REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

Go to topS05620 Committee&nbspVotes:

Go to topS05620 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS05620 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 5620

 2025-2026 Regular Sessions

 IN SENATE

 February 26, 2025
 ___________

 Introduced by Sen. ASHBY -- read twice and ordered printed, and when
 printed to be committed to the Committee on Investigations and Govern-
 ment Operations

 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.
 LBD05422-01-5

Go to top 

• 

 Sitemap 

 Request Information 

 Directions and Maps