486-A - Retention of special additional mortgage recording tax exemption for converted federal credit unions.

§  486-a.  Retention  of  special  additional  mortgage  recording tax  exemption for converted federal  credit  unions.  Mortgages  made  by  a  credit  union  that  is  issued an authorization certificate on or after  January first, two  thousand  nine  pursuant  to  section  four  hundred  eighty-six  of  this article shall be exempt from the special additional  mortgage tax imposed pursuant to paragraph (a) of subdivision  one-a  of  section two hundred fifty-three of the tax law.