Assembly Bill A3212

2009-2010 Legislative Session

Provides an exemption from the real estate transfer tax for certain conveyances to the town of Brookhaven, county of Suffolk

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Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2009-A3212 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd ยง1405, Tax L

2009-A3212 (ACTIVE) - Summary

Provides an exemption from the real estate transfer tax for certain conveyances to the town of Brookhaven, county of Suffolk.

2009-A3212 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  3212

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            January 23, 2009
                               ___________

Introduced  by  M.  of  A.  EDDINGTON  --  read once and referred to the
  Committee on Ways and Means

AN ACT to amend the tax law, in relation to providing an exemption  from
  the  real  estate  transfer tax for certain conveyances to the town of
  Brookhaven, county of Suffolk

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1. Paragraph 10 of subdivision (b) of section 1405 of the tax
law, as amended by chapter 61 of the laws of 1989, is amended and a  new
paragraph 11 is added to read as follows:
  10.  Conveyances  of  an  option or contract to purchase real property
with the use or occupancy of such property where  the  consideration  is
less than two hundred thousand dollars and such property was used solely
by  the  grantor as his personal residence and consists of a one, two or
three-family house, an individual residential condominium  unit  or  the
sale  of  stock  in a cooperative housing corporation in connection with
the grant or transfer of a proprietary leasehold covering an  individual
residential cooperative unit[.];
  11.  CONVEYANCES  OF  VACANT LAND TO THE TOWN OF BROOKHAVEN, COUNTY OF
SUFFOLK, WHERE SUCH VACANT LAND IS TO BE USED  BY  SUCH  TOWN  FOR  OPEN
SPACE PURPOSES.
  S 2. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04617-01-9

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