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New YorkA 73482025-2026 Regular SessionHouseWALLET

Increases the tax on deeds in the city of Mount Vernon

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.

Higher deed tax cap in Mount Vernon

Effective immediately, the law raises Mount Vernon's deed transfer tax cap from 1% to 1.5% of the price or value transferred. The city must adopt the tax locally; this law does not automatically raise the rate. It covers property or property interests transferred by deed within Mount Vernon, even when the transaction happens elsewhere. The city can allow deductions for liens and an exemption of up to $100,000. Contracts made before September 1, 1984, are exempt. The city can require tax payment and a tax return before a deed is recorded. The tax remains subject to restrictions in New York Tax Law Section 1230.

Sponsors & Cosponsors

Sponsor

  • J. Gary Pretlow

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 138 • No: 64

Senate vote • 6/12/2025

FLOOR Vote

Yes: 44 • No: 15

House vote • 5/21/2025

Assembly floor vote

Yes: 94 • No: 49

Actions Timeline

  1. SIGNED CHAP.586

    12/5/2025House

  2. DELIVERED TO GOVERNOR

    12/1/2025House

  3. RETURNED TO ASSEMBLY

    6/12/2025Senate

  4. PASSED SENATE

    6/12/2025Senate

  5. HOME RULE REQUEST

    6/12/2025Senate

  6. 3RD READING CAL.1897

    6/12/2025Senate

  7. SUBSTITUTED FOR S7322

    6/12/2025Senate

  8. REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

    5/21/2025Senate

  9. DELIVERED TO SENATE

    5/21/2025House

  10. PASSED ASSEMBLY

    5/21/2025House

  11. HOME RULE REQUEST

    5/21/2025House

  12. ORDERED TO THIRD READING RULES CAL.232

    5/21/2025House

  13. RULES REPORT CAL.232

    5/21/2025House

  14. REPORTED

    5/21/2025House

  15. REPORTED REFERRED TO RULES

    5/20/2025House

  16. REFERRED TO WAYS AND MEANS

    3/25/2025House

Bill Text

  • Original

    3/25/2025

    PDF

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