Assembly Bill A7531

Signed By Governor
2009-2010 Legislative Session

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

download bill text pdf

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Archive: Last 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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2009-A7531 (ACTIVE) - Details

See Senate Version of this Bill:
S3334
Law Section:
Tax Law
Laws Affected:
Amd §253-d, Tax L

2009-A7531 (ACTIVE) - Summary

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

2009-A7531 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7531

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                             April 14, 2009
                               ___________

Introduced  by  M. of A. PRETLOW, SPANO -- read once and referred to the
  Committee on Ways and Means

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 chapter 383 of the laws of 2007, 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 [nine]
ELEVEN, a tax of fifty cents for  each  one  hundred  dollars  and  each
remaining  major  fraction thereof of principal debt or obligation 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 situ-
ated  within such city and recorded on or after the date upon which such
tax takes effect and a tax of fifty cents on such mortgage if the  prin-
cipal  debt  or obligation which is or by any contingency may be secured
by such mortgage is less than one hundred dollars.
  S 2. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10492-01-9


              

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