S 432 New York Senate · 2025 Regular Session

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
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5
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0
Committee
1
Jan 8, 2025
Committee
REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
upper
1 primary · 0 co-sponsors

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