Extends the authority of the town of Red Hook to impose real estate transfer taxes and deposit revenue into a community preservation fund.
This bill amends the tax law to extend the authority of the town of Red Hook to impose real estate transfer taxes. The revenue from these taxes will be deposited into a community preservation fund. The provisions of this act take effect immediately, with a specific section expiring on December 31, 2051.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.