1568 – Liability of Recording Officer.
§ 1568. Liability of recording officer. A recording officer shall not be liable for any inaccuracy in the amount of tax imposed pursuant to this article that he or she shall collect so long as he or she shall compute and collect such tax on the amount of consideration or the value of the interest […]
1553 – Exemptions.
§ 1553. Exemptions. This article shall not apply to: (a) the government of the United States or any instrumentality thereof; (b) the state of New York or any political subdivision, as such term is defined for purposes of section one hundred three of the internal revenue code, thereof; (c) the United Nations or any other […]
1554 – Returns and Payment.
§ 1554. Returns and payment. (a) Every person shall file a return with the commissioner of taxation and finance, in a form prescribed by the commissioner of taxation and finance, within sixty days of the end of the calendar quarter during which a taxable insurance contract took effect or was renewed. Such return shall set […]
1555 – Secrecy Required of Officials; Penalty for Violation.
§ 1555. Secrecy required of officials; penalty for violation. (a) Except in accordance with the proper judicial order or as otherwise provided by law, it shall be unlawful for the commissioner of taxation and finance, the superintendent of financial services, any officer or employee of the department of taxation and finance, or the department of […]
1561 – Imposition of Tax.
§ 1561. Imposition of tax. Notwithstanding any other provisions of law to the contrary, any designated community, acting through its governing body, is hereby authorized and empowered to adopt a local law imposing in such designated community a tax on each conveyance of real property or interest therein where the consideration exceeds five hundred dollars, […]
1556 – Procedural Provisions.
§ 1556. Procedural provisions. The provisions of article twenty-seven of this chapter shall apply to the provisions of this article in the same manner and with the same force and effect as if the language of such article twenty-seven had been incorporated in full into this article and had expressly referred to the tax under […]
1562 – Payment of Tax.
§ 1562. Payment of tax. 1. The real estate transfer tax imposed pursuant to this article shall be paid to the treasurer or the recording officer acting as the agent of the treasurer upon designation as such agent by the treasurer. Such tax shall be paid at the same time as the real estate transfer […]
1557 – Deposit and Disposition of Revenue.
§ 1557. Deposit and disposition of revenue. All taxes, interest and penalties collected or received by the commissioner of taxation and finance under this article shall be deposited and disposed of pursuant to the provisions of section one hundred seventy-one-a of this chapter.
1563 – Liability for Tax.
§ 1563. Liability for tax. 1. The real estate transfer tax shall be paid by the buyer. 2. For the purpose of the proper administration of this article and to prevent evasion of the tax hereby imposed, it shall be presumed that all conveyances are taxable. Where the consideration includes property other than money, it […]
1564 – Exemptions.
§ 1564. Exemptions. 1. The following shall be exempt from the payment of the tax: (a) The state of New York, or any of its agencies, instrumentalities, political subdivisions, or public corporations (including a public corporation created pursuant to an agreement or compact with another state or the Dominion of Canada); and (b) The United […]