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
Floor votes
How they voted
No floor votes recorded yet.
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
Erik Dilan
DDemocratic
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