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S8555 • 2025

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

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

Taxes
Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor
Anthony H. Palumbo
Last action
2026-05-28
Official status
In Assembly Committee
Effective date
Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

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

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 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.

What This Bill Does

  • 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 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.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2026-05-28 Senate

    PASSED SENATE

  2. 2026-05-28 Senate

    DELIVERED TO ASSEMBLY

  3. 2026-05-28 Assembly

    REFERRED TO LOCAL GOVERNMENTS

  4. 2026-02-24 Senate

    ADVANCED TO THIRD READING

  5. 2026-02-11 Senate

    2ND REPORT CAL.

  6. 2026-02-10 Senate

    1ST REPORT CAL.349

  7. 2026-01-07 Senate

    REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

  8. 2025-10-29 Senate

    REFERRED TO RULES

Official Summary Text

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
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.

Current Bill Text

Read the full stored bill text 
S T A T E   O F   N E W   Y O R K
        ________________________________________________________________________

                                          8555

                               2025-2026 Regular Sessions

                                    I N  S E N A T E

                                    October 29, 2025
                                       ___________

        Introduced  by  Sen. PALUMBO -- read twice and ordered printed, and when
          printed to be committed to the Committee on Rules

        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