New YorkA 73482025-2026 Regular SessionHouseWALLET

Increases the tax on deeds in the city of Mount Vernon

Sponsored By: J. Gary Pretlow (Democratic)

Became Law

WAYS AND MEANSRULESINVESTIGATIONS AND GOVERNMENT OPERATIONS

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Bill Overview

Analyzed Economic Effects

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

Mount Vernon deed tax up to 1.5%

The law lets Mount Vernon charge a deed tax on property in the city, up to 1.5% of the sale price, even if the closing happens elsewhere. The city may allow you to subtract liens and up to $100,000 before the tax is figured, which can save up to $1,500 at the 1.5% cap. Deals with contracts signed before September 1, 1984 are exempt. The city can also require you to pay the tax and file a return before the deed is recorded. This takes effect immediately.

Sponsors & Cosponsors

Sponsor

J. Gary Pretlow
Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 44 • No: 15

House vote • 6/12/2025

FLOOR Vote