Extends the authority for the town of Brookhaven to impose a real estate transfer tax with revenues therefrom to be deposited into a community preservation fund until 2045.

Summary

If enacted, this bill would extend the town of Brookhaven's authority to impose a real estate transfer tax for community preservation until 2045, increasing costs for property buyers and sellers in the town. Lenders, servicers, and other mortgage professionals involved in Brookhaven transactions would need to handle the collection and remittance of this tax. The bill does not alter mortgage origination or servicing rules beyond this localized tax.