A 3486 New York Assembly · 2025 Regular Session

Relates to the stock transfer tax

This bill modifies how stock transfer tax revenue is allocated. It gradually increases the percentage of tax rebates paid to taxpayers (from 30% to 80% over time) before directing remaining funds to the Metropolitan Transportation Authority's special assistance fund. The key mechanism is a phased change in rebate rates for stock transactions, with all leftover tax money after rebates being sent to the MTA fund starting in 1981. This directly affects the MTA by providing dedicated funding for its operations through the special assistance fund.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 28, 2025 Last action Jan 7, 2026
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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
2
Jan 7, 2026
Committee
REFERRED TO WAYS AND MEANS
lower
Jan 28, 2025
Committee
REFERRED TO WAYS AND MEANS
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Erik Dilan
Erik Dilan
DDemocratic
NY
54