Senate BillChaptered/Signed
S 7525: Extends the authorization to impose a county recording tax on obligations secured by a mortgage on real property in Albany County.
What S 7525 does, verified September 28, 2025
The bill aims to extend the effectiveness of a county recording tax imposed by the county of Albany on obligations secured by a mortgage on real property. The tax is authorized to be imposed by the county to secure payments on real property. The bill amends the tax law to extend the effectiveness of the tax. The changes take effect immediately, with the tax set to expire on December 1, 2027.
Bill journey
✓IntroducedComplete
✓In CommitteeComplete
✓First Chamber FloorComplete
✓Second ChamberComplete
✓GovernorComplete
6ChapteredCurrent
Last action: SIGNED CHAP.312 (2025-08-07)Alert me
Quick answers about S 7525
- What is the current status of S 7525?
- As of September 28, 2025, S 7525 is recorded as "Chaptered/Signed": it has been signed by the Governor and chaptered into law. The last recorded action, on August 7, 2025, was "SIGNED CHAP.312".
- Did S 7525 pass?
- Yes. S 7525 passed both houses and was signed into law (last action August 7, 2025). New York laws take effect on the date written into the bill, often immediately on signing or a set number of days afterward.
- Who wrote S 7525, and where is it now?
- S 7525 was authored by Sen. Patricia Fahy.
Author and sponsors
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| Aug. 07, 2025 | SIGNED CHAP.312 |
| Aug. 04, 2025 | DELIVERED TO GOVERNOR |
| Jun. 13, 2025 | returned to senate |
| Jun. 13, 2025 | passed assembly |
| Jun. 13, 2025 | home rule request |
Latest bill textIntroduced version, April 21, 2025 · 230 words
STATE OF NEW YORK ________________________________________________________________________ 7525 2025-2026 Regular Sessions IN SENATE April 21, 2025 ___________ Introduced by Sen. FAHY -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend chapter 405 of the laws of 2005 amending the tax law relating to authorizing the county of Albany to impose a county recording tax on obligations secured by a mortgage on real property, in relation to extending the effectiveness thereof The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 2 of chapter 405 of the laws of 2005 amending the 2 tax law relating to authorizing the county of Albany to impose a county 3 recording tax on obligations secured by a mortgage on real property, as 4 amended by chapter 338 of the laws of 2023, is amended to read as 5 follows: 6 § 2. This act shall take effect on the thirtieth day after it shall 7 have become a law and shall expire and be deemed repealed on the first 8 of December, [2025] 2026. 9 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD11704-01-5
Text of S 7525 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions