A 1494 New York Assembly · 2025 Regular Session

Repeals the rebates for stock transfer tax paid; dedicates funds of the stock transfer tax fund and stock transfer incentive fund to various funds

Summary

Repeals the rebates for stock transfer tax paid; dedicates funds of the stock transfer tax fund and stock transfer incentive fund to various funds; establishes the safe water and infrastructure action program.

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

Governor

Introduced Jan 10, 2025 Last action Jan 7, 2026

Maddy AI version diff · 2 comparisons

What changed between versions

A1494A → A1494B · 3 edits

MINOR

The bill was amended to add new sponsors and update its procedural history after being returned to committee with amendments. The substantive policy text regarding the repeal of the stock transfer tax rebate remains unchanged, but the allocation of the remaining fund revenues was modified to consolidate funding for affordable housing into two separate line items and remove specific operational details for the Metropolitan Transportation Authority.

Scope change

The bill's scope regarding the repeal of the stock transfer tax rebate remains the same; the changes are limited to procedural updates and a reorganization of how remaining funds are allocated within the state finance law.

SCOPE

Three new sponsors (Romero, Peoples-Stokes, and Raga) were added to the list of legislators supporting the bill.

FISCAL

The allocation of stock transfer tax fund revenues was restructured: the specific split for Metropolitan Transportation Authority operations and capital projects was removed, and the housing allocation was split into two distinct categories for affordable housing programs and New York City Housing Authority section nine housing.

TECHNICAL

The bill's title page and explanation page were updated to reflect the new bill number (A 1494-B) and the revised committee history.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jan 7, 2026

Committee

REFERRED TO WAYS AND MEANS

lower

Dec 1, 2025

Lower · Passed

PRINT NUMBER 1494B

lower

Dec 1, 2025

Lower · Passed

AMEND AND RECOMMIT TO WAYS AND MEANS

lower

Jan 28, 2025

Lower · Passed

PRINT NUMBER 1494A

lower

Jan 28, 2025

Lower · Passed

AMEND AND RECOMMIT TO WAYS AND MEANS

lower

Jan 10, 2025

Committee

REFERRED TO WAYS AND MEANS

lower

1 primary · 44 co-sponsors