New York S 432: Extends the expiration of the mortgage recording tax imposed by the city of Yonkers

Bill Text

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S00432 Summary:

BILL NOS00432 

&nbsp

SAME ASSAME AS A05329

&nbsp

SPONSORSTEWART-COUSINS

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §253-d, Tax L

&nbsp

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

Go to top S00432 Actions:

BILL NOS00432 

&nbsp

01/08/2025REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

04/29/20251ST REPORT CAL.788

04/30/20252ND REPORT CAL.

05/01/2025ADVANCED TO THIRD READING 

05/27/2025SUBSTITUTED BY A5329

&nbspA05329 AMEND= Pretlow

&nbsp02/13/2025referred to ways and means

&nbsp04/01/2025reported referred to rules

&nbsp04/01/2025reported 

&nbsp04/01/2025rules report cal.131

&nbsp04/01/2025ordered to third reading rules cal.131

&nbsp04/02/2025home rule request

&nbsp04/02/2025passed assembly

&nbsp04/02/2025delivered to senate

&nbsp04/02/2025REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

&nbsp05/27/2025SUBSTITUTED FOR S432

&nbsp05/27/20253RD READING CAL.788

&nbsp05/27/2025PASSED SENATE

&nbsp05/27/2025RETURNED TO ASSEMBLY

&nbsp06/26/2025delivered to governor

&nbsp06/26/2025signed chap.161

Go to topS00432 Committee&nbspVotes:

Go to topS00432 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS00432 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 432

 2025-2026 Regular Sessions

 IN SENATE

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by Sen. STEWART-COUSINS -- read twice and ordered printed,
 and when printed to be committed to the Committee on Investigations
 and Government Operations

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

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Subdivision 1 of section 253-d of the tax law, as amended
 2 by chapter 179 of the laws of 2023, is amended to read as follows:
 3 1. The city of Yonkers, acting through its local legislative body, is
 4 hereby authorized and empowered to adopt and amend local laws imposing
 5 in any such city during the period beginning September first, nineteen
 6 hundred ninety-three and ending August thirty-first, two thousand [twen-
 7 ty-five] twenty-seven, a tax of fifty cents for each one hundred dollars
 8 and each remaining major fraction thereof of principal debt or obli-
 9 gation which is or under any contingency may be secured at the date of
 10 execution thereof, or at any time thereafter, by a mortgage on real
 11 property situated within such city and recorded on or after the date
 12 upon which such tax takes effect and a tax of fifty cents on such mort-
 13 gage if the principal debt or obligation which is or by any contingency
 14 may be secured by such mortgage is less than one hundred dollars.
 15 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD01454-01-5

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