§ 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 imposition of civil penalties. Such provisions shall be identical to the corresponding provisions of the real estate transfer tax imposed by article thirty-one of this chapter, so far as such provisions can be made applicable to the tax imposed pursuant to this article.

Terms Used In N.Y. Tax Law 1572

  • Designated community: means any town or city within the Hudson Valley counties of Putnam, Ulster, or Westchester. See N.Y. Tax Law 1560
  • Tax: means the real estate transfer tax payable on a real property conveyance pursuant to section fifteen hundred sixty-one of this article, but shall have a different meaning if the context clearly indicates such as the real estate transfer tax imposed pursuant to article thirty-one of this chapter. See N.Y. Tax Law 1560
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