Authorizes cities and towns, except a city with a population of one million or more, to establish community preservation funds; authorizes such.

New York A03533 authorizes cities and towns, except a city with a population of one million or more, to establish community preservation funds. These funds can be used for preserving community character, acquiring interests in real property, and implementing community preservation project plans. The bill also authorizes these cities and towns to impose a real estate transfer tax, with revenues deposited in the community preservation funds. The tax applies to various real property transfers, with certain exemptions.

Authorizes cities and towns, except a city with a population of one million or more, to establish community preservation funds; authorizes such.

New York A03533 authorizes cities and towns, except a city with a population of one million or more, to establish community preservation funds. These funds can be used for preserving community character, acquiring interests in real property, and implementing community preservation project plans. The bill also authorizes these cities and towns to impose a real estate transfer tax, with revenues deposited in the community preservation funds. The tax applies to various real property transfers, with certain exemptions.