N.Y. Tax Law § 1449-bbbbb: Imposition of tax

§ 1449-bbbbb. Imposition of tax. Notwithstanding any other provisions

of law to the contrary, the county of Tompkins, acting through its local

legislative body, is hereby authorized and empowered to adopt and amend

local laws imposing in such county a tax on each conveyance of real

property or interest therein when the consideration exceeds five hundred

dollars, at the rate of one dollar for each five hundred dollars or

fractional part thereof. Such local law shall apply to any conveyance

occurring on or after the first day of a month to be designated by such

legislative body, which is not less than sixty days after the enactment

of such local laws, 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.