§ 1560. Definitions. When used in this article, unless otherwise expressly stated, the following words and terms shall have the following meanings: 1. “Person” means an individual, partnership, limited liability company, society, association, joint stock company, corporation, estate, receiver, trustee, assignee, referee or any other person acting in a fiduciary or representative capacity, whether appointed […]
§ 1565. Credit. A buyer shall be allowed a credit against the tax due on a conveyance of real property to the extent tax was paid by such buyer on a prior creation of a leasehold of all or a portion of the same real property or on the granting of an option or contract […]
§ 1566. Cooperative housing corporation transfers. 1. Notwithstanding the definition of “controlling interest” contained in subdivision two of section fifteen hundred sixty of this article or anything to the contrary contained in subdivision five of section fifteen hundred sixty of this article, the tax imposed pursuant to this article shall apply to (a) the original […]
§ 1567. Designation of agents. The treasurer is authorized to designate the recording officer to act as his or her agent for purposes of collecting the tax authorized by this article. The treasurer shall provide for the manner in which such person may be designated as his or her agent subject to such terms and […]
§ 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 […]
§ 1568-a. Refunds. Whenever the treasurer shall determine that any moneys received under the provisions of the local law enacted pursuant to this article were paid in error, he or she may cause such moneys to be refunded pursuant to such requirements he or she may prescribe, provided that any application for such refund is […]
§ 1569. Deposit and disposition of revenue. 1. All taxes, penalties and interest imposed by the designated community under the authority of section fifteen hundred sixty-one of this article, which are collected by the treasurer or his or her agents, shall be deposited in a single trust fund for the designated community and shall be […]
§ 1570. Judicial review. 1. Any final determination of the amount of any tax payable under section fifteen hundred sixty-two of this article shall be reviewable for error, illegality or unconstitutionality or any other reason whatsoever by a proceeding under article seventy-eight of the civil practice law and rules if application therefor is made to […]
§ 1571. Apportionment. A local law adopted by any designated community, pursuant to this article, shall provide for a method of apportionment for determining the amount of tax due whenever the real property or interest therein is situated within and without the designated community.
§ 1572. Miscellaneous. A local law adopted by any designated community, pursuant to this article, may contain such other provisions as the designated community deems necessary for the proper administration of the tax imposed pursuant to this article, including provisions concerning the determination of tax, the imposition of interest on underpayments and overpayments and the […]
§ 1573. Returns to be confidential. 1. Except in accordance with proper judicial order or as otherwise provided by law, it shall be unlawful for the treasurer or any officer or employee of the county or designated community, including any person engaged or retained on an independent contract basis, to divulge or make known in […]
