Maddy summaryThis bill imposes an additional tax on New York residents' long-term investment profits, specifically targeting income from capital gains, dividends, and other low-taxed investments. It applies to higher earners: individuals with taxable income over $400,000 (or $500,000 for married couples filing jointly) face a 7.5% tax on capital gains above those thresholds, with a higher 15% rate kicking in above $800,000 (or $1 million for couples). The tax phases in gradually over the first $50,000 or $100,000 of income exceeding the thresholds. It functions as an add-on to existing income tax, not a replacement, and will be administered by New York’s tax department.
Asm. Rodneyse Bichotte Hermelyn
Sponsored bills
Enacts the "Empowering People in Rights Enforcement (EMPIRE) Worker Protection Act"; relates to the delegation of state enforcement authority to private actors; authorizes an affected employee, whistleblower, representative organization or an organizational deputy to initiate a public enforcement action on behalf of the commissioner for certain provisions of the labor law, or any regulation promulgated thereunder.
Increases fees for the registration of larger, heavier motor vehicles; provides a waiver for a portion of weight added by batteries in electric vehicles.
Repeals the tax exempt status of private universities that received real property tax exemptions of one hundred million dollars or more during the prior fiscal year.
Establishes in the city of New York a bicycle lane safety program to enforce certain restrictions on the use of bicycle lanes and/or protected bicycle lanes by means of bicycle lane photo devices.
Maddy summaryThis bill prohibits landlords, lessors, sub-lessors, and grantors from requiring tenants to pay broker fees. It directly affects residential tenants by preventing landlords from charging them for brokerage services related to lease applications or tenancy. The law allows landlords to still charge for background and credit checks, but bans all other upfront fees like broker commissions. Exceptions apply to certain senior living communities and cooperative housing corporations under specific conditions.
Maddy summaryThis bill amends the state constitution to allow lawmakers to change or remove tax exemptions for private colleges and universities. Currently, exemptions for properties used by educational institutions are protected, but this bill specifically removes that protection for private higher education. The key provision changes constitutional language to state that exemptions for private college real estate "may be altered or repealed." This would directly affect private colleges and universities that currently receive property tax breaks on their buildings and land. The bill is a constitutional amendment requiring Senate approval and a future legislative session before taking effect.
Relates to the requirements of the annual report from the division of minority and women's business development; requires the number of new certifications and recertifications including the basis for any denials be included in the annual report from the division of minority and women's business development.
Enacts the "keep police radio public act"; ensures that, except for sensitive information, all radio communications are accessible to emergency services organizations and professional journalists.
Maddy summaryThis bill (A 7235) requires New York state agencies with over $10 million in annual construction/service contracts to establish voluntary mentorship programs connecting minority and women-owned business enterprises (MWBEs) with established contractors. It mandates that these programs focus on practical business development to help MWBEs compete for state contracts and subcontracts, particularly when there's an existing contractual relationship ("privity of contract") between the MWBE and a contractor on a state project. The bill updates existing laws to ensure mentorship opportunities are structured around commercially useful connections and provides technical assistance for MWBEs to secure necessary bonds. It directly affects MWBEs seeking state contracting opportunities and state agencies managing public works contracts.