Bill

Bill > S06822


NY S06822

NY S06822
Extends the expiration of the mortgage recording tax imposed by the city of Yonkers.


summary

Introduced
05/10/2023
In Committee
05/23/2023
Crossed Over
06/05/2023
Passed
06/29/2023
Dead
Signed/Enacted/Adopted
06/30/2023

Introduced Session

2023-2024 General Assembly

Bill Summary

AN ACT to amend the tax law, in relation to extending the expiration of the mortgage recording tax imposed by the city of Yonkers

AI Summary

This bill extends the expiration of the mortgage recording tax imposed by the city of Yonkers. Specifically, the bill amends the Tax Law to extend the period during which the city of Yonkers can impose a tax on mortgages recorded within the city, from the current expiration date of August 31, 2023 to August 31, 2025. The tax is 50 cents for every $100 (or major fraction thereof) of the principal debt or obligation secured by the mortgage.

Committee Categories

Budget and Finance, Government Affairs

Sponsors (1)

Last Action

SIGNED CHAP.179 (on 06/30/2023)

Bill Topics

Community Development and Housing Issues
  • ‐ Housing and Real Estate Finance
Macroeconomics
  • ‐ Taxation, Tax Policy, and Tax Reform

bill text


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