Maddy summaryThis bill would impose a new tax on New York State residents with $1 billion or more in net assets (total wealth minus debts), calculated as if they sold all assets at market value on December 31, 2024. Taxpayers would pay the resulting tax over 10 years with an annual interest-like fee, or in full for the 2025 tax year. It includes credits for taxes paid to other states on assets accumulated before New York residency, and excludes certain assets like gifts made within five years. The tax applies only to New York residents meeting the $1 billion threshold, with the first payment due for the 2025 tax year. The bill is currently pending in the Budget and Revenue committee.
Sen. Cordell Cleare
Sponsored bills
Relates to human trafficking awareness and training for public transit employees; mandates displaying human trafficking resource materials created by the state public transportation safety board and the department of transportation in all public transit modes of transportation.
Creates statewide emergency and crisis response council to work in conjunction with the commissioners of mental health and addiction services to jointly approve emergency and crisis services plans submitted by local governments, and provide supports regarding the operation and financing of high-quality emergency and crisis services provided to persons experiencing a mental health, alcohol use, or substance use crisis.
Requires justices of the supreme court, judges of the county court and judges of the court of claims, regularly sitting in a criminal term or in a term with criminal as well as civil jurisdiction to visit the correctional facility with the highest population of incarcerated individuals in the county in which such justice is appointed or elected within two years of such appointment or election and every two years thereafter; requires a report on the conditions of such correctional facility.
Maddy summaryBill S 7522 mandates that every elementary, middle, and high school in New York City must employ a school librarian. This bill amends existing education law, which currently allows school districts to decide whether to hire a librarian and assigns the role to other teachers if no librarian is present. The change ensures that all K-12 public schools within New York City will have a dedicated school librarian.
Requires homeless shelters to keep an opioid antagonist on hand at all times and trained personnel when required by when applicable law, regulation, code, or operating plan approved by a social services district or the commissioner otherwise requires employees to be at the premises, sets out the requirements for the training of those employees; develops a training plan for opioid overdoses in conjunction with a registered opioid overdose prevention program.
Requires the written consent of a minor's parent, legal guardian or attorney for law enforcement collection of DNA from a minor prior to the lawful arrest of such minor.
Requires rent stabilized housing accommodations lost or destroyed due to fire, natural disaster, act of God, act of war or eminent domain, to be replaced in any succeeding construction on the same parcel.
Permits midwives and physician assistants to certify the cause of death on a fetal death certificate if they are in attendance at or after a fetal death.
Maddy summaryS 2429 creates a New York state tax credit for employers who hire residents from targeted groups (like veterans, ex-offenders, or long-term unemployed individuals) as defined by federal law. Employers can claim up to $500 per eligible employee annually, with a total lifetime cap of $90 million and an annual limit of $30 million. The credit reduces state tax liability but cannot lower tax below minimum thresholds, and any unused credit is treated as an overpayment. The program applies to wages paid starting January 1, 2026, and expires December 31, 2028. It directly affects New York employers hiring from specified target populations.