New YorkIncreases the threshold for the additional tax on real estate transfers
What it does
Enacts the "middle-class homebuyer protection act" to increase the additional tax imposed on residential real property if the consideration for the conveyance from $1,000,000 to $4,500,000 where the residential structure contains five thousand square feet or more of livable interior space.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Jun 4HELD FOR CONSIDERATION IN WAYS AND MEANSLatest
- Apr 1REFERRED TO WAYS AND MEANSIntroduced