N.Y. Tax Law § 1402-a: Additional tax

§ 1402-a. Additional tax. (a) In addition to the tax imposed by

section fourteen hundred two of this article, a tax is hereby imposed on

each conveyance of residential real property or interest therein when

the consideration for the entire conveyance is one million dollars or

more. For purposes of this section, residential real property shall

include any premises that is or may be used in whole or in part as a

personal residence, and shall include a one, two, or three-family house,

an individual condominium unit, or a cooperative apartment unit. The

rate of such tax shall be one percent of the consideration or part

thereof attributable to the residential real property. Such tax shall be

paid at the same time and in the same manner as the tax imposed by

section fourteen hundred two of this article.

(b) Notwithstanding the provisions of subdivision (a) of section

fourteen hundred four of this article, the additional tax imposed by

this section shall be paid by the grantee. If the grantee has failed to

pay the tax imposed by this article at the time required by section

fourteen hundred ten of this article or if the grantee is exempt from

such tax, the grantor shall have the duty to pay the tax. Where the

grantor has the duty to pay the tax because the grantee has failed to

pay, such tax shall be the joint and several liability of the grantor

and the grantee.

(c) Except as otherwise provided in this section, all the provisions

of this article relating to or applicable to the administration,

collection, determination and distribution of the tax imposed by section

fourteen hundred two of this article shall apply to the tax imposed

under the authority of this section with such modifications as may be

necessary to adapt such language to the tax so authorized. Such

provisions shall apply with the same force and effect as if those

provisions had been set forth in this section except to the extent that

any provision is either inconsistent with a provision of this section or

not relevant to the tax authorized by this section.