Senate Bill S6822

Signed By Governor
2023-2024 Legislative Session

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

download bill text pdf

Sponsored By

Current Bill Status - Signed by Governor

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2023-S6822 (ACTIVE) - Details

See Assembly Version of this Bill:
A7238
Law Section:
Tax Law
Laws Affected:
Amd §253-d, Tax L

2023-S6822 (ACTIVE) - Summary

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

2023-S6822 (ACTIVE) - Sponsor Memo

2023-S6822 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6822
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                               May 10, 2023
                                ___________
 
 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:
 
   Section  1.  Subdivision 1 of section 253-d of the tax law, as amended
 by section 1 of item D of subpart E of part XXX of  chapter  58  of  the
 laws of 2020, is amended to read as follows:
   1.  The city of Yonkers, acting through its local legislative body, is
 hereby authorized and empowered to adopt and amend local  laws  imposing
 in  any  such city during the period beginning September first, nineteen
 hundred ninety-three and ending August thirty-first, two thousand [twen-
 ty-three] TWENTY-FIVE, a tax of fifty cents for each one hundred dollars
 and each remaining major fraction thereof of  principal  debt  or  obli-
 gation  which  is or under any contingency may be secured at the date of
 execution thereof, or at any time thereafter,  by  a  mortgage  on  real
 property  situated  within  such  city and recorded on or after the date
 upon which such tax takes effect and a tax of fifty cents on such  mort-
 gage  if the principal debt or obligation which is or by any contingency
 may be secured by such mortgage is less than one hundred dollars.
   § 2. This act shall take effect immediately.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11314-01-3

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