Extends the authority for the town of Brookhaven to impose a real estate transfer tax with revenues therefrom to be deposited into a community preservation fund until 2045.
NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A9652
SPONSOR: Giglio TITLE OF BILL:
An act to amend chapter 282 of the laws of 2003, amending the town law
relating to authorizing the town of Brookhaven, in the county of
Suffolk, to establish a community preservation fund and amending the tax
law relating to authorizing such town to impose a real estate transfer
tax with revenues therefrom to be deposited in such community preserva-
tion fund, in relation to the effectiveness thereof
PURPOSE:
Extends the authority for the town of Brookhaven to impose a real estate
transfer tax with revenues to be deposited into a community preservation
fund.
SUMMARY OF PROVISIONS:
Section 1', Amends section 5 of chapter 282 of the laws of 2003 which
amends the town law authorizing the town of Brookhaven to establish a
community preservation fund and amending the tax law to impose a real
estate transfer tax with revenues going into such fund. Subsection 5.
Expires December 31, 2025, extending to December 31, 2045.
Section 2. Sets for the effective date.
JUSTIFICATION:
This program is set to expire on December 31, 2025.
LEGISLATIVE HISTORY:
New bill
FISCAL IMPLICATIONS:
EFFECTIVE DATE:
Immediately
STATE OF NEW YORK
________________________________________________________________________
9652
IN ASSEMBLY
January 21, 2026
___________
Introduced by M. of A. GIGLIO -- read once and referred to the Committee
on Local Governments
AN ACT to amend chapter 282 of the laws of 2003, amending the town law
relating to authorizing the town of Brookhaven, in the county of
Suffolk, to establish a community preservation fund and amending the
tax law relating to authorizing such town to impose a real estate
transfer tax with revenues therefrom to be deposited in such community
preservation fund, in relation to the effectiveness thereof
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 5 of chapter 282 of the laws of 2003, amending the
2 town law relating to authorizing the town of Brookhaven, in the county
3 of Suffolk, to establish a community preservation fund and amending the
4 tax law relating to authorizing such town to impose a real estate trans-
5 fer tax with revenues therefrom to be deposited in such community pres-
6 ervation fund, is amended to read as follows:
7 § 5. This act shall take effect immediately; provided that article
8 31-B of the tax law, as added by section three of this act, shall remain
9 in full force and effect until December 31, [2025] 2045 when upon such
10 date the provisions of such section three of this act shall expire and
11 be deemed repealed, provided however, that the tax authorized by section
12 three of this act shall not take effect before July 1, 2003.
13 § 2. This act shall take effect immediately; provided, however, that
14 if this act shall have become a law on or after December 31, 2025 this
15 act shall take effect immediately and shall be deemed to have been in
16 full force and effect on and after December 31, 2025.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD13914-01-5
