Assembly Bill A6365

2017-2018 Legislative Session

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

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee

  • 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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2017-A6365 (ACTIVE) - Details

See Senate Version of this Bill:
S1756
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §253-d, Tax L
Versions Introduced in Other Legislative Sessions:
2013-2014: A7022, S4116
2015-2016: A4956, S3878
2019-2020: A6037, S7358

2017-A6365 (ACTIVE) - Summary

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

2017-A6365 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6365
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               March 6, 2017
                                ___________
 
 Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
   tee 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 22 of the laws of 2015, 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
 [seventeen]  NINETEEN, 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.
                                                            LBD02778-01-7

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