Tag Archives: legislation

CHANGES TO NEW YORK STATE TRANSFER TAXES GO INTO EFFECT JULY 1, 2019

Effective July 1, 2019, as part of the New York State 2020 budget, the state Senate and Assembly will be adopted legislation increasing the real estate transfer tax on certain conveyances of real property. Prior to the new law, New York State imposed a transfer tax on conveyances of real property located in New York