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 city is authorized to impose a tax of fifty cents for each one hundred dollars of principal debt or obligation secured by a mortgage on real property within the city. The tax applies to mortgages recorded on or after a specified date and before the expiration date.
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