Bill
Bill > S09041
NY S09041
NY S09041Extends the effectiveness of the authority of the town of Red Hook to impose real estate transfer taxes and to deposit revenue from such taxes into a community preservation fund.
summary
Introduced
01/27/2026
01/27/2026
In Committee
01/27/2026
01/27/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 General Assembly
Bill Summary
AN ACT to amend chapter 443 of the laws of 2006, amending the tax law relating to authorizing the town of Red Hook 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 authority of the town of Red Hook to impose a real estate transfer tax, which is a tax on the sale of property, and to use the money collected from this tax to fund a community preservation fund, which is a fund dedicated to preserving the town's natural resources and historic character. Specifically, the bill amends a previous law from 2006 to push back the expiration date for this tax authority from December 31, 2026, to December 31, 2051, meaning the town will be able to continue collecting and using these funds for an additional 25 years.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
REFERRED TO LOCAL GOVERNMENT (on 01/27/2026)
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/2025/S9041 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S09041&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S09041 |
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