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

This bill extends the expiration date of Yonkers' mortgage recording tax from August 31, 2025, to August 31, 2027. It directly affects homeowners and lenders who record mortgages on real property within Yonkers, requiring them to pay a 50-cent tax for every $100 of mortgage value (or fraction thereof) during this extended period. The tax mechanism remains unchanged, maintaining the existing rate and scope for mortgages recorded after the tax's effective date. The bill, now enacted as Chapter 161, ensures the city continues collecting this revenue through 2027.