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| NYS Heros & Zeros The People of the State of New York, represented in Senate and Assembly, do enact as follows: 1 Section 1. Section 1561 of the tax law, as added by chapter 596 of the 2 laws of 2007, is amended to read as follows: 3 § 1561. Imposition of tax. Notwithstanding any other provisions of law 4 to the contrary, any designated community, acting through its governing 5 body, is hereby authorized and empowered to adopt a local law imposing 6 in such designated community a tax on each conveyance of real property 7 or interest therein where the consideration exceeds five hundred 8 dollars, at a rate of up to two percent of the consideration for such 9 conveyance; any such local law shall fix the rate of such tax. more |
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