Section 1449-BBBB. Imposition of tax

Notwithstanding any other provisions
  of  law  to  the  contrary, the town of Warwick, acting through its town
  board, is hereby authorized and empowered to adopt a local law  imposing
  in  such  town  a  tax  on  each conveyance of real property or interest
  therein where the consideration exceeds five  hundred  dollars,  at  the
  rate  of  three-quarters  of  one  percent of the consideration for such
  conveyance. Provided, however, any such local law imposing, repealing or
  reimposing such tax shall be subject to a mandatory referendum  pursuant
  to  section twenty-three of the municipal home rule law. Notwithstanding
  the foregoing, prior to adoption  of  such  local  law,  the  town  must
  establish a community preservation fund pursuant to section sixty-four-g
  of  the town law. Revenues from such tax shall be deposited in such fund
  and may be used solely for the purposes of such  fund.  Such  local  law
  shall  apply  to any conveyance occurring on or after the first day of a
  month to be designated by such town board, which is not less than  sixty
  days  after  the  enactment  of  such  local law, 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.
    * NB Repealed December 31, 2025