N.Y. Tax Law § 1439-bbb: Imposition of tax

* § 1439-bbb. Imposition of tax. Notwithstanding any other provisions

of law to the contrary, the town of Chester, acting through its town

board, is hereby authorized and empowered to adopt a local law imposing

in such town a tax on each conveyance of real property or interest

therein not to exceed a maximum of three-quarters of one percent of the

consideration for such conveyance, subject to the exemptions set forth

in section fourteen hundred thirty-nine-eee of this article; any such

local law shall fix the rate of such tax. Provided, however, any such

local law imposing, repealing or reimposing such tax shall be subject to

a mandatory referendum pursuant to section twenty-three of the municipal

home rule law. Notwithstanding the foregoing, prior to adoption of such

local law, the town must establish a community preservation fund

pursuant to section sixty-four-l of the town law. Revenues from such tax

shall be deposited in such fund and may be used solely for the purposes

of such fund. Such local law shall apply to any conveyance occurring on

or after the first day of a month to be designated by such town board,

which is not less than sixty days after the enactment of such local law,

but shall not apply to conveyances made on or after such date pursuant

to binding written contracts entered into prior to such date, provided

that the date of execution of such contract is confirmed by independent

evidence such as the recording of the contract, payment of a deposit or

other facts and circumstances as determined by the treasurer.

* NB Repealed December 31, 2045

* NB There are 2 § 1439-bbb's