N.Y. Tax Law Section 1439-B*2
Imposition of tax

Notwithstanding any other provisions of law to the contrary, the town of Chatham, acting through its town board, is hereby authorized and empowered to adopt a local law imposing in such town a tax on each conveyance of real property or interest therein not to exceed a maximum of two percent of the consideration for such conveyance, subject to the exemptions set forth in § 1439-E (Exemptions)section fourteen hundred thirty-nine-e of this article; any such local law shall fix the rate of such tax. Provided, however, any such local law imposing, repealing or reimposing such tax shall be subject to a mandatory referendum pursuant to Municipal Home Rule Law § 23 (Local laws subject to mandatory referendum)section twenty-three of the municipal home rule law. Notwithstanding the foregoing, prior to adoption of such local law, the town must establish a community preservation fund pursuant to Town Law § 64-I (Town of Chatham preservation funds)section sixty-four-i of the town law. Revenues from such tax shall be deposited in such fund and may be used solely for the purposes of such fund. Such local law shall apply to any conveyance occurring on or after the first day of a month to be designated by such town board, which is not less than sixty days after the enactment of such local law, but shall not apply to conveyances made on or after such date pursuant to binding written contracts entered into prior to such date, provided that the date of execution of such contract is confirmed by independent evidence such as the recording of the contract, payment of a deposit or other facts and circumstances as determined by the treasurer. * NB Repealed December 31, 2027 * NB There are 3 § 1439-b’s

Source: Section 1439-B*2 — Imposition of tax, https://www.nysenate.gov/legislation/laws/TAX/1439-B*2 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

1439‑A*2
Definitions 1439‑B*2
Imposition of tax 1439‑C*2
Payment of tax 1439‑D*2
Liability for tax 1439‑E*2
Exemptions 1439‑F*2
Credit 1439‑G*2
Cooperative housing corporation transfers 1439‑H*2
Designation of agents 1439‑I*2
Liability of recording officer 1439‑J*2
Refunds 1439‑K*2
Deposit and disposition of revenue 1439‑L*2
Judicial review 1439‑M*2
Apportionment 1439‑N*2
Miscellaneous 1439‑O*2
Returns to be secret 1439‑P*2
Foreclosure proceedings

Up to date

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 1439-B*2’s source at nysenate.gov

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Location: https://newyork.public.law/laws/n.y._tax_law_section_1439-b*2

Original Source: Section 1439-B*2 — Imposition of tax, https://www.nysenate.gov/legislation/laws/TAX/1439-B*2 (last accessed Aug. 20, 2023).

N.Y. Tax Law Section 1439-B*2 Imposition of tax

N.Y. Tax Law Section 1439-B*2
Imposition of tax