Authorizes Clarkstown to establish community preservation funds and impose a real estate transfer tax.

The bill authorizes the town of Clarkstown to establish community preservation funds and impose a real estate transfer tax. The tax applies to conveyances of real property, with certain exemptions. Revenues from the tax are to be deposited in the community preservation fund. The fund can be used for preserving community character, acquiring interests in real property, and establishing a bank for development rights. The bill also outlines procedures for tax collection, refunds, and exemptions. The provisions are set to expire on December 31, 2046.

Authorizes Clarkstown to establish community preservation funds and impose a real estate transfer tax.

The bill authorizes the town of Clarkstown to establish community preservation funds and impose a real estate transfer tax. The tax applies to conveyances of real property, with certain exemptions. Revenues from the tax are to be deposited in the community preservation fund. The fund can be used for preserving community character, acquiring interests in real property, and establishing a bank for development rights. The bill also outlines procedures for tax collection, refunds, and exemptions. The provisions are set to expire on December 31, 2046.