Bill
Bill > A05324
NY A05324
NY A05324Extends the town of Warwick preservation funds and the tax on real estate transfers in the town of Warwick until 2050.
summary
Introduced
02/12/2021
02/12/2021
In Committee
06/09/2021
06/09/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
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 preservation funds and the tax on real estate transfers in the town of Warwick until 2050. Specifically, it amends a 2005 law that authorized the town of Warwick to impose a real estate transfer tax, with the revenues deposited in a community preservation fund. The bill extends the expiration 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
Budget and Finance, Government Affairs
Sponsors (4)
Last Action
substituted by s2689 (on 06/10/2021)
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/A5324 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A05324&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A05324 |
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