Extends the expiration of the mortgage recording tax imposed by the city of Yonkers
This bill extends the deadline for Yonkers' mortgage recording tax from 2025 to 2027. It directly affects property owners and lenders who record mortgages in Yonkers, requiring them to pay a 50-cent tax for every $100 of mortgage value (or fraction thereof) on real property. The key provision updates the tax law to maintain this fee through 2027, rather than expiring at the end of 2025. The bill is procedural, focusing solely on the tax's expiration date.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 8, 2025
Last action May 27, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
5
Key actions
0
Committee
1
Jan 8, 2025
Committee
REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Andrea Stewart-Cousins
DDemocratic/Working Families
Ask Maddy
·
AI policy assistant
Ask Maddy about S 432
Scope: NY
Hi! I can help you understand S 432. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline