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Assembly Bill A9848

2019-2020 Legislative Session

Extends the town of Warwick preservation funds and the tax on real estate transfers in the town of Warwick until 2050

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Archive: Last Bill Status - In Assembly Committee

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2019-A9848 (ACTIVE) - Details

See Senate Version of this Bill:
S7867
Current Committee:
Assembly Local Governments
Law Section:
Tax Law
Laws Affected:
Amd §4, Chap 262 of 2005
Versions Introduced in 2021-2022 Legislative Session:
A5324, S2689

2019-A9848 (ACTIVE) - Summary

Extends the town of Warwick preservation funds and the tax on real estate transfers in the town of Warwick until 2050.

2019-A9848 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9848
 
                           I N  A S S E M B L Y
 
                             February 20, 2020
                                ___________
 
 Introduced by M. of A. BRABENEC -- read once and referred to the Commit-
   tee on Local Governments
 
 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:
 
   Section 1. Section 4 of 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, is amended to read as follows:
   §  4.  This act shall take effect immediately; provided, however, that
 section two of this act shall take effect on the one  hundred  eightieth
 day  after  it  shall  have  become  a law and shall expire December 31,
 [2025] 2050 when upon such date the provisions of such section two shall
 expire and be deemed repealed.
   § 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

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