Senate Bill S3878

Signed By Governor
2015-2016 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 Via A4956 - 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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2015-S3878 (ACTIVE) - Details

See Assembly Version of this Bill:
A4956
Law Section:
Tax Law
Laws Affected:
Amd §253-d, Tax L
Versions Introduced in Other Legislative Sessions:
2013-2014: S4116, A7022
2017-2018: S1756, A6365
2019-2020: S7358, A6037

2015-S3878 (ACTIVE) - Summary

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

2015-S3878 (ACTIVE) - Sponsor Memo

2015-S3878 (ACTIVE) - Bill Text download pdf 

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

                                  3878

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            February 20, 2015
                               ___________

Introduced  by  Sen.  STEWART-COUSINS -- read twice and ordered printed,
  and when printed to be committed to the  Committee  on  Investigations
  and Government Operations

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 76 of the laws of 2013, 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
[fifteen] SEVENTEEN, 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.
  S 2. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08953-01-5

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