Extends the expiration of the mortgage recording tax imposed by the city of Yonkers.
The bill amends the tax law to extend the expiration of the mortgage recording tax imposed by the city of Yonkers. The tax, which is fifty cents for each one hundred dollars of principal debt or obligation secured by a mortgage on real property within the city, will now expire on August 31, 2027. This change allows the city to continue collecting this tax for an additional period.
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