Shown verbatim: the complete text as captured from the official source posted by the New York State Senate, fetched 2026-08-11. Nothing is edited or removed. Where this bill amends existing law, language marked for deletion in the official source appears here in brackets. The official bill page.
S T A T E O F N E W Y O R K
________________________________________________________________________
5329
2025-2026 Regular Sessions
I N A S S E M B L Y
February 13, 2025
___________
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 179 of the laws of 2023, 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-five] TWENTY-SEVEN, 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.
LBD01454-01-5Every fact on this page links to its source, starting with the official bill record.