assembly Bill A10758

2019-2020 Legislative Session

Relates to community preservation funds for the town of Blooming Grove

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Archive: Last Bill Status - In Assembly Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jul 09, 2020 referred to local governments

A10758 (ACTIVE) - Details

See Senate Version of this Bill:
S8691
Law Section:
Town Law
Laws Affected:
Add §64-k, Town L; add Art 31-A-4 §§1439-aaa - 1439-ppp, Tax L
Versions Introduced in 2021-2022 Legislative Session:
A5761, S1811

A10758 (ACTIVE) - Summary

Authorizes the town of Blooming Grove to establish community preservation funds; establishes a real estate transfer tax with revenues therefrom to be deposited in said community preservation fund.

A10758 (ACTIVE) - Bill Text download pdf


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

                                  10758

                          I N  A S S E M B L Y

                              July 9, 2020
                               ___________

Introduced  by COMMITTEE ON RULES -- (at request of M. of A. Schmitt) --
  read once and referred to the Committee on Local Governments

AN ACT to amend the town law, in relation to  authorizing  the  town  of
  Blooming  Grove,  county of Orange to establish community preservation
  funds; to amend the tax law, in relation to authorizing  the  town  of
  Blooming  Grove  to  impose  a  real estate transfer tax with revenues
  therefrom to be deposited in said  community  preservation  fund;  and
  providing for the repeal of certain provisions upon expiration thereof

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

  Section 1. The town law is amended by adding a  new  section  64-k  to
read as follows:
  §  64-K. TOWN OF BLOOMING GROVE PRESERVATION FUNDS. 1. AS USED IN THIS
SECTION, THE FOLLOWING WORDS AND TERMS SHALL HAVE  THE  FOLLOWING  MEAN-
INGS:
  (A) "TOWN" MEANS THE TOWN OF BLOOMING GROVE.
  (B)  "COMMUNITY  PRESERVATION"  SHALL  MEAN  AND  INCLUDE  ANY  OF THE
PURPOSES OUTLINED IN SUBDIVISION FIVE OF THIS SECTION.
  (C) "BOARD" MEANS THE ADVISORY BOARD REQUIRED PURSUANT TO  SUBDIVISION
SIX OF THIS SECTION.
  (D)  "FUND"  MEANS THE COMMUNITY PRESERVATION FUND CREATED PURSUANT TO
SUBDIVISION TWO OF THIS SECTION.
  (E) "TAX" SHALL MEAN THE REAL ESTATE TRANSFER TAX IMPOSED PURSUANT  TO
SECTION  FOURTEEN  HUNDRED  THIRTY-NINE-BBB  OF  THE  TAX LAW OR, IF THE
CONTEXT CLEARLY INDICATES, SHALL  MEAN  THE  REAL  ESTATE  TRANSFER  TAX
IMPOSED PURSUANT TO ARTICLE THIRTY-ONE OF THE TAX LAW.
  2.  THE  TOWN  BOARD  OF  THE  TOWN OF BLOOMING GROVE IS AUTHORIZED TO
ESTABLISH BY LOCAL LAW A COMMUNITY PRESERVATION  FUND  PURSUANT  TO  THE
PROVISIONS  OF THIS SECTION. DEPOSITS INTO THE FUND MAY INCLUDE REVENUES
OF THE LOCAL GOVERNMENT FROM WHATEVER SOURCE AND  SHALL  INCLUDE,  AT  A
MINIMUM, ALL REVENUES FROM A TAX IMPOSED UPON THE TRANSFER OF REAL PROP-
ERTY INTERESTS IN SUCH TOWN PURSUANT TO ARTICLE THIRTY-ONE-A-FOUR OF THE
TAX  LAW.  THE FUND SHALL ALSO BE AUTHORIZED TO ACCEPT GIFTS OF ANY SUCH
INTERESTS IN LAND OR OF FUNDS. INTEREST ACCRUED BY MONIES DEPOSITED INTO

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets