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Sponsors
No co-sponsors yet.
History
- Substituted by A4956
- Advanced to third reading
- 2nd report cal.
- 1st report cal.772
- 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
BILL NUMBER:S3878
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 76 of the Laws of 2013 to extend the expiration of the mortgage recording tax imposed by the City of Yonkers to August 31, 2017.
Section 2 is the immediate effective date.
Justification
In order for the City of Yonkers to adopt its budget, the Mortgage Recording Tax must be extended since these revenues are included in the City of Yonkers' budget.
Legislative history
2013 - S.4116 - Chapter 76 of 2013 2011 - S.2983 - Chapter 392 of 2011 2009 -.S.3334 - Chapter 142 of 2009 2007 - S.4138 - Chapter 383 of 2007.
Fiscal implications
None to the State.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.