Bill
Bill > S02689
NY S02689
NY S02689Extends the town of Warwick preservation funds and the tax on real estate transfers in the town of Warwick until 2050.
summary
Introduced
01/22/2021
01/22/2021
In Committee
05/25/2021
05/25/2021
Crossed Over
06/10/2021
06/10/2021
Passed
07/21/2021
07/21/2021
Dead
Signed/Enacted/Adopted
08/02/2021
08/02/2021
Introduced Session
2021-2022 General Assembly
Bill Summary
AN ACT to amend chapter 262 of the laws of 2005, amending the tax law relating to authorizing the town of Warwick to impose a real estate transfer tax with revenues therefrom to be deposited in said community preservation fund, in relation to the effectiveness thereof
AI Summary
This bill extends the town of Warwick's preservation funds and the tax on real estate transfers in the town of Warwick until 2050. Specifically, it amends a previous law that authorized the town of Warwick to impose a real estate transfer tax, with the revenues being deposited into a community preservation fund. The bill extends the expiration date of this provision from December 31, 2025 to December 31, 2050, allowing the town to continue collecting this tax and using the funds for preservation purposes for an additional 25 years.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
SIGNED CHAP.341 (on 08/02/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/S2689 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S02689&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S02689 |
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