| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Jan 21, 2020 |
referred to investigations and government operations |
Senate Bill S7358
2019-2020 Legislative Session
Sponsored By
(D, WF) 35th Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee
Actions
2019-S7358 (ACTIVE) - Details
2019-S7358 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7358
SPONSOR: STEWART-COUSINS
TITLE OF BILL:
An act to amend the tax law, in relation to extending the expiration of
the mortgage recording tax imposed by the city of Yonkers
PURPOSE OR GENERAL IDEA OF BILL:
To extend the expiration of the mortgage recording tax imposed by the
City of Yonkers.
SUMMARY OF SPECIFIC PROVISIONS:
Section 1 of the bill amends Subdivision 1 of Section 253-d of the tax
law as amended by Chapter 61 of the Laws of 2017 to extend the expira-
tion of the mortgage recording tax imposed by the City of Yonkers to
August 31, 2021.
Section 2 is the immediate effective date.
2019-S7358 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
7358
I N S E N A T E
January 21, 2020
___________
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 section 1 of subpart D of part C of chapter 61 of the laws of 2017,
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 [twen-
ty] TWENTY-ONE, 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 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.
LBD09943-01-9
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