New York Consolidated Law|SECTION 1449-BBB

                                                

  § 1449-bbb. Imposition of tax. Notwithstanding any other provisions of
law to the contrary, the county of Nassau, acting through its local
legislative body, is hereby authorized and empowered to adopt and amend
local laws imposing in such county a tax on each conveyance of real
property or interest therein when the consideration exceeds five hundred
dollars, at the rate of five dollars for each five hundred dollars or
fractional part thereof.  The authority of the county to adopt and amend
local laws imposing the tax authorized by this section and the
imposition of all taxes pursuant thereto shall expire on January
thirty-first, two thousand one.  Such local law may apply to any
conveyance occurring on or after the date designated by such legislative
body, but shall not apply to conveyances made on or after such date
pursuant to binding written contracts entered into prior to such date,
provided that the date of execution of such contract is confirmed by
independent evidence such as the recording of the contract, payment of a
deposit or other facts and circumstances as determined by the treasurer.