New York S 10276: Authorizes the town of Clarkstown to establish community preservation funds and to impose a real estate transfer tax; repealer

Bill Text

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 Speaker Carl E. Heastie

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S10276 Summary:

BILL NOS10276A

&nbsp

SAME ASSAME AS A11349

&nbsp

SPONSORWEBER

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Add §64-m, Town L; add Art 31-K §§1450-aa - 1450-pp, Tax L

&nbsp

Authorizes the town of Clarkstown to establish community preservation funds and to impose a real estate transfer tax with revenues therefrom to be deposited in the community preservation fund; provides for the repeal of certain provisions upon expiration thereof.

Go to top S10276 Actions:

BILL NOS10276A

&nbsp

05/11/2026REFERRED TO LOCAL GOVERNMENT

05/14/2026AMEND (T) AND RECOMMIT TO LOCAL GOVERNMENT

05/14/2026PRINT NUMBER 10276A

06/03/2026COMMITTEE DISCHARGED AND COMMITTED TO RULES

06/03/2026ORDERED TO THIRD READING CAL.1679

06/03/2026SUBSTITUTED BY A11349

&nbspA11349 AMEND= Rules (Carroll P)

&nbsp05/13/2026referred to local governments

&nbsp05/18/2026reported referred to codes

&nbsp05/20/2026reported referred to ways and means

&nbsp06/03/2026reported referred to rules

&nbsp06/03/2026reported 

&nbsp06/03/2026rules report cal.430

&nbsp06/03/2026ordered to third reading rules cal.430

&nbsp06/03/2026passed assembly

&nbsp06/03/2026delivered to senate

&nbsp06/03/2026REFERRED TO RULES

&nbsp06/03/2026SUBSTITUTED FOR S10276A

&nbsp06/03/20263RD READING CAL.1679

&nbsp06/03/2026PASSED SENATE

&nbsp06/03/2026RETURNED TO ASSEMBLY

Go to topS10276 Committee&nbspVotes:

Go to topS10276 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS10276 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10276--A

 IN SENATE

 May 11, 2026
 ___________

 Introduced by Sen. WEBER -- read twice and ordered printed, and when
 printed to be committed to the Committee on Local Government --
 committee discharged, bill amended, ordered reprinted as amended and
 recommitted to said committee

 AN ACT to amend the town law, in relation to authorizing the town of
 Clarkstown to establish community preservation funds; to amend the tax
 law, in relation to authorizing the town of Clarkstown to impose a
 real estate transfer tax; and providing for the repeal of certain
 provisions upon expiration thereof

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The town law is amended by adding a new section 64-m to
 2 read as follows:
 3 § 64-m. Town of Clarkstown preservation funds. 1. As used in this
 4 section, the following words and terms shall have the following mean-
 5 ings:
 6 (a) "Town" means the town of Clarkstown.
 7 (b) "Community preservation" shall mean and include any of the
 8 purposes outlined in subdivision five of this section.
 9 (c) "Board" means the advisory board required pursuant to subdivision
 10 six of this section.
 11 (d) "Fund" means the community preservation fund created pursuant to
 12 subdivision two of this section.
 13 (e) "Tax" shall mean the real estate transfer tax imposed pursuant to
 14 section fourteen hundred fifty-bb of the tax law or, if the context
 15 clearly indicates, shall mean the real estate transfer tax imposed
 16 pursuant to article thirty-one of the tax law.
 17 2. The town board of the town of Clarkstown is authorized to establish
 18 by local law a community preservation fund pursuant to the provisions of
 19 this section. Deposits into the fund may include revenues of the local
 20 government from whatever source and shall include, at a minimum, all
 21 revenues from a tax imposed upon the transfer of real property interests
 22 in such town pursuant to article thirty-one-K of the tax law. The fund
 23 shall also be authorized to accept gifts of any such interests in land

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD15618-03-6

 S. 10276--A 2

 1 or of funds. Interest accrued by monies deposited into the fund shall be
 2 credited to the fund. In no event shall monies deposited in the fund be
 3 transferred to any other account. Nothing contained in this section
 4 shall be construed to prevent the financing in whole or in part, pursu-
 5 ant to the local finance law, of any acquisition authorized pursuant to
 6 this section. Monies from the fund may be utilized to repay any indebt-
 7 edness or obligations in