Bill Text: NY S06467 | 2011-2012 | General Assembly | Amended
Bill Title: Prevents referees from being held liable for interest or penalties on transfer taxes to be paid on deeds filed in their capacity as referee pursuant to a judgment of foreclosure and sale.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2012-05-09 - PRINT NUMBER 6467A [S06467 Detail]
Download: New_York-2011-S06467-Amended.html
S T A T E O F N E W Y O R K
________________________________________________________________________
6467--A
I N S E N A T E
February 13, 2012
___________
Introduced by Sen. GOLDEN -- read twice and ordered printed, and when
printed to be committed to the Committee on Judiciary -- committee
discharged, bill amended, ordered reprinted as amended and recommitted
to said committee
AN ACT to amend the civil practice law and rules, in relation to the
liability of referees for interest and penalties in connection with
transfer taxes on deeds
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. Subdivision (c) of section 8003 of the civil practice law
2 and rules is relettered subdivision (d) and a new subdivision (c) is
3 added to read as follows:
4 (C) REFEREE NOT LIABLE FOR INTEREST OR PENALTY. A REFEREE SHALL NOT
5 BE LIABLE FOR ANY INTEREST OR PENALTY IN CONNECTION WITH ANY STATE OR
6 LOCAL TRANSFER TAXES IMPOSED UPON A DEED DELIVERED BY A REFEREE TRANS-
7 FERRING A PROPERTY PURSUANT TO A JUDGMENT OF FORECLOSURE AND SALE.
8 S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD14192-05-2
