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A 4074 New York Assembly · 2025 Regular Session

Imposes an additional real estate transfer tax on the sale or transfer of single-family residential property by certain large investors

Summary
Imposes an additional real estate transfer tax on the sale or transfer of single-family residential property by certain large investors in an amount equal to the sale price of the single-family residential property.
Issues: ✓ Budget & TaxesSupports Budget & TaxesImposes additional tax on large real estate investors, generating new state revenue for budget purposes.95% confidence ✓ HousingSupports HousingTax on large investors may reduce market distortion, potentially increasing housing affordability by discouraging speculative purchases of single-family homes.85% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 31, 2025 Last action Jan 7, 2026
Floor votes

How they voted

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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 31, 2025
Committee
REFERRED TO WAYS AND MEANS
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Brian Cunningham
Brian Cunningham
DDemocratic
NY
43