New York bills · 2025 Regular Session
New York S 10197
Authorizes certain municipalities to impose a tax on certain high-value non-primary residences
- Introduced
- In committee
- Passed Senate
- Passed House
- To Governor
- Became law
Sponsors
- Patricia Fahy (Democratic)
Summary
Official abstract published by the New York legislature
Authorizes municipalities located outside the city of New York to impose a tax on high-value non-primary residences having a five-year average market value threshold as set by the municipality between 2.5 and 5 million dollars or more; provides for authorized rates of taxation, administration and enforcement, and revenue distribution.
Text versions
Roll-call votes
No recorded votes on this bill.
Actions
- May 5, 2026 · Senate
REFERRED TO LOCAL GOVERNMENT