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A 10812 New York Assembly · 2025 Regular Session

Increases the threshold for the additional tax on real estate transfers

Summary
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.
Issues: ✗ Budget & TaxesOpposes Budget & TaxesBill increases a tax on real estate transfers, directly raising revenue burdens for property transactions.95% confidence ✗ HousingOpposes HousingBill increases taxes on large residential properties, which can reduce the supply of affordable housing and limit development.85% confidence
Bill status failed 1 of 4 stages cleared
Introduction
Apr 2026
Committee Review
Floor Vote
Governor
Introduced Apr 1, 2026 Last action Jun 4, 2026
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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Apr 1, 2026
Committee
REFERRED TO WAYS AND MEANS
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Jake Blumencranz
Jake Blumencranz
RRepublican/Conservative
NY
15