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NY S08555
Bill
Status
Introduced
10/29/2025
Primary Sponsor
Anthony Palumbo
Click for details
AI Summary
- Extends the expiration date of the Town of Brookhaven's authority to impose a real estate transfer tax from December 31, 2025 to December 31, 2045
- Revenues from the real estate transfer tax are deposited into the town's community preservation fund
- The community preservation fund was originally established under a 2003 law (Chapter 282)
- If enacted after December 31, 2025, the act would be retroactively effective as of that date to prevent any lapse in authority
Legislative Description
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.
Last Action
ADVANCED TO THIRD READING
2/24/2026
Committee Referrals
Investigations and Government Operations1/7/2026
Rules10/29/2025
Full Bill Text
No bill text available