New YorkA 53292025-2026 Regular SessionHouseWALLET

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

Sponsored By: J. Gary Pretlow (Democratic)

Signed by Governor

WAYS AND MEANSRULESINVESTIGATIONS AND GOVERNMENT OPERATIONS

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Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 1 costs, 0 mixed.

Yonkers mortgage recording tax lasts through 2027

Effective immediately, the law extends Yonkers’ authority to impose its mortgage recording tax from August 31, 2025, through August 31, 2027. Yonkers sets the tax through local laws. It covers mortgages on Yonkers property recorded on or after the local tax takes effect, while it remains in effect. The unchanged rate is 50 cents per $100, or major fraction of $100, of the maximum principal debt the mortgage can secure. A mortgage securing less than $100 has a 50-cent tax.

Sponsors & Cosponsors

Sponsor

  • J. Gary Pretlow

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 163 • No: 44

Senate vote • 5/27/2025

FLOOR Vote

Yes: 51 • No: 8

House vote • 4/2/2025

Assembly floor vote

Yes: 112 • No: 36

Actions Timeline

  1. SIGNED CHAP.161

    6/26/2025House
  2. DELIVERED TO GOVERNOR

    6/26/2025House
  3. RETURNED TO ASSEMBLY

    5/27/2025Senate
  4. PASSED SENATE

    5/27/2025Senate
  5. 3RD READING CAL.788

    5/27/2025Senate
  6. SUBSTITUTED FOR S432

    5/27/2025Senate
  7. REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

    4/2/2025Senate
  8. DELIVERED TO SENATE

    4/2/2025House
  9. PASSED ASSEMBLY

    4/2/2025House
  10. HOME RULE REQUEST

    4/2/2025House
  11. ORDERED TO THIRD READING RULES CAL.131

    4/1/2025House
  12. RULES REPORT CAL.131

    4/1/2025House
  13. REPORTED

    4/1/2025House
  14. REPORTED REFERRED TO RULES

    4/1/2025House
  15. REFERRED TO WAYS AND MEANS

    2/13/2025House

Bill Text

  • Original

    2/13/2025

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