Bill Text: NY S07867 | 2019-2020 | General Assembly | Introduced
Bill Title: Extends the town of Warwick preservation funds and the tax on real estate transfers in the town of Warwick until 2050.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Engrossed - Dead) 2020-06-09 - referred to local governments [S07867 Detail]
Download: New_York-2019-S07867-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 7867 IN SENATE February 27, 2020 ___________ Introduced by Sen. METZGER -- read twice and ordered printed, and when printed to be committed to the Committee on Local Government 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 The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 4 of chapter 262 of the laws of 2005, amending the 2 tax law relating to authorizing the town of Warwick to impose a real 3 estate transfer tax with revenues therefrom to be deposited in said 4 community preservation fund, is amended to read as follows: 5 § 4. This act shall take effect immediately; provided, however, that 6 section two of this act shall take effect on the one hundred eightieth 7 day after it shall have become a law and shall expire December 31, 8 [2025] 2050 when upon such date the provisions of such section two shall 9 expire and be deemed repealed. 10 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD15429-01-0
