NY A00342 | 2025-2026 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 11-0)
Status: Introduced on January 8 2025 - 25% progression
Action: 2025-01-08 - referred to ways and means
Pending: Assembly Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 8 2025 - 25% progression
Action: 2025-01-08 - referred to ways and means
Pending: Assembly Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Establishes the end toxic home flipping act; imposes a tax on the transfer of certain residential properties which are sold within two years of the prior conveyance of such property; exempts certain purchases of residential properties from mortgage recording taxes; imposes a tax on the transfer of certain properties in the city of New York which are sold for one million dollars or more.
Title
Establishes the end toxic home flipping act; imposes a tax on the transfer of certain residential properties which are sold within two years of the prior conveyance of such property; exempts certain purchases of residential properties from mortgage recording taxes; imposes a tax on the transfer of certain properties in the city of New York which are sold for one million dollars or more.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-08 | Assembly | referred to ways and means |
Same As/Similar To
S00574 (Same As) 2025-01-08 - REFERRED TO CITIES 1
