New York S 6664: Authorizes the town of Copake to establish community preservation funds and to impose a real estate transfer tax with revenues to be deposited into the fund

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S06664 Summary:

BILL NOS06664A

&nbsp

SAME ASSAME AS A06918-A

&nbsp

SPONSORHINCHEY

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Add 64-l, Town L; add Art 31-J 1450-a - 1450-p, Tax L

&nbsp

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

Go to top S06664 Actions:

BILL NOS06664A

&nbsp

03/19/2025REFERRED TO LOCAL GOVERNMENT

05/27/2025AMEND AND RECOMMIT TO LOCAL GOVERNMENT

05/27/2025PRINT NUMBER 6664A

06/12/2025COMMITTEE DISCHARGED AND COMMITTED TO RULES

06/12/2025ORDERED TO THIRD READING CAL.1885

06/12/2025SUBSTITUTED BY A6918A

&nbspA06918 AMEND=A Barrett

&nbsp03/18/2025referred to local governments

&nbsp04/30/2025reported referred to codes

&nbsp05/13/2025reported referred to ways and means

&nbsp05/27/2025reported referred to rules

&nbsp05/28/2025amend and recommit to rules 6918a

&nbsp05/29/2025reported 

&nbsp05/29/2025rules report cal.332

&nbsp05/29/2025ordered to third reading rules cal.332

&nbsp06/12/2025passed assembly

&nbsp06/12/2025delivered to senate

&nbsp06/12/2025REFERRED TO RULES

&nbsp06/12/2025SUBSTITUTED FOR S6664A

&nbsp06/12/20253RD READING CAL.1885

&nbsp06/12/2025PASSED SENATE

&nbsp06/12/2025RETURNED TO ASSEMBLY

&nbsp11/17/2025delivered to governor

&nbsp11/21/2025signed chap.524

Go to topS06664 Committee&nbspVotes:

Go to topS06664 Floor&nbspVotes:

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

Go to topS06664 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 6664--A

 2025-2026 Regular Sessions

 IN SENATE

 March 19, 2025
 ___________

 Introduced by Sen. HINCHEY -- 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
 Copake to establish community preservation funds; to amend the tax
 law, in relation to authorizing the town of Copake to impose a real
 estate transfer tax with revenues therefrom to be deposited in said
 community preservation fund; and providing for the repeal of certain
 provisions of the tax law 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-l to
 2 read as follows:
 3 § 64-l. Town of Copake preservation funds. 1. As used in this section,
 4 the following words and terms shall have the following meanings:
 5 (a) "Town" means the town of Copake.
 6 (b) "Community preservation" shall mean and include any of the
 7 purposes outlined in subdivision five of this section.
 8 (c) "Board" means the advisory board required pursuant to subdivision
 9 six of this section.
 10 (d) "Fund" means the community preservation fund created pursuant to
 11 subdivision two of this section.
 12 (e) "Tax" shall mean the real estate transfer tax imposed pursuant to
 13 section fourteen hundred fifty-b of the tax law or, if the context
 14 clearly indicates, shall mean the real estate transfer tax imposed
 15 pursuant to article thirty-one of the tax law.
 16 2. The town board of the town of Copake is authorized to establish by
 17 local law a community preservation fund pursuant to the provisions of
 18 this section. Deposits into the fund may include revenues of the local
 19 government from whatever source and shall include, at a minimum, all

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD11004-02-5

 S. 6664--A 2

 1 revenues from a tax imposed upon the transfer of real property interests
 2 in such town pursuant to article thirty-one-J of the tax law. The fund
 3 shall also be authorized to accept gifts of any such interests in land
 4 or of funds. Interest accrued by monies deposited into the fund shall be
 5 credited to the fund. In no event shall monies deposited in the fund be
 6 transferred to any other account. Nothing contained in this section
 7 shall be construed to prevent the