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Sponsors
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History
- Substituted by A7531
- Advanced to third reading
- 2nd report cal.
- 1st report cal.244
- Referred to investigations and government operations
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Extends the expiration of the mortgage recording tax imposed by the city of Yonkers
Signed by Governor · Sponsor J. Gary Pretlow
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
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
This bill extends for two years the mortgage recording tax in the city of Yonkers until the year 2011.
Summary of provisions
This bill amends subdivision 1 of section 253-d of the tax law, as amended by chapters 383 of the laws of 2007.
Existing law
Under present law the city of Yonkers mortgage recording tax expires August 31, 2009.
Justification
In order for the City of Yonkers to adopt its Fiscal Year 2009-10 Budget, the Mortgage Recording Tax must be extended since these revenues are included in the City of Yonkers 2009-10 budget.
Legislative history
07/26/07 signed chap.383
FISCAL IMPLICATIONS :;
This proposal will preserve $3.3 million in revenue in CFY 2009-10.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.