Authorizes Orangetown to establish community preservation funds and impose a real estate transfer tax for preservation projects.

The bill authorizes the town of Orangetown to establish community preservation funds and impose a real estate transfer tax. Revenues from the tax will be deposited into the community preservation fund. The fund can be used for projects that preserve community character, including open space, parks, agricultural land, and historic properties. The town must adopt a community preservation project plan and establish an advisory board to review proposed acquisitions. The tax provisions will expire on December 31, 2045.

Authorizes Orangetown to establish community preservation funds and impose a real estate transfer tax for preservation projects.

The bill authorizes the town of Orangetown to establish community preservation funds and impose a real estate transfer tax. Revenues from the tax will be deposited into the community preservation fund. The fund can be used for projects that preserve community character, including open space, parks, agricultural land, and historic properties. The town must adopt a community preservation project plan and establish an advisory board to review proposed acquisitions. The tax provisions will expire on December 31, 2045.