New York State Senate Bill S08275 extends the county of Madison's authority to impose an additional mortgage recording tax until December 1, 2027. This means that Madison County can continue to collect this extra tax on property transactions involving mortgages for the next two years. The bill was sponsored by Senator Joseph Griffo and was signed into law on August 7, 2025. ([legiscan.com](https://legiscan.com/NY/bill/S08275/2025?utm_source=openai))
NY S08275 is a senate bill in the New York 2025-2026 General Assembly, sponsored by Joseph Griffo (R), currently “Passed” since August 7, 2025.
We track 14,627 New York bills this session, 201 of them sponsored by Joseph Griffo.
The extension of the mortgage recording tax in Madison County is expected to provide additional revenue for local infrastructure and public services, benefiting residents and businesses in the area. Local officials have expressed support for the bill, anticipating that the continued funding will enhance community development projects.
Some property owners and real estate professionals have raised concerns about the extended mortgage recording tax, arguing that it could increase the cost of homeownership and potentially deter new residents or investors from moving to Madison County. Critics suggest that the additional tax burden may outweigh the benefits of the extended funding.
About This Analysis
This summary was generated using AI from the bill's official text and metadata. Data sourced from LegiScan and the New York State Legislature. Conflict-of-interest analysis for this bill is coming soon.
What does NY S08275 do?
New York State Senate Bill S08275 extends the county of Madison's authority to impose an additional mortgage recording tax until December 1, 2027. This means that Madison County can continue to collect this extra tax on property transactions involving mortgages for the next two years. The bill was sponsored by Senator Joseph Griffo and was signed into law on August 7, 2025.…
What is the status of NY S08275?
NY S08275 is currently “Passed” in the New York legislature.
Who sponsored NY S08275?
Joseph Griffo (R) sponsored NY S08275.
NY S08275