New York bills · 2025 Regular Session

New York S 165

Establishes a billionaire mark-to-market tax

Introduced
In committee
Passed Senate
Passed House
To Governor
Became law

Sponsors

Jessica Ramos (Democratic/Working Families)

Cosponsors (23)

Jabari Brisport (Democratic/Working Families)
Samra Brouk (Democratic/Working Families)
Cordell Cleare (Democratic)
Leroy Comrie (Democratic)
Jeremy Cooney (Democratic/Working Families)
Nathalia Fernandez (Democratic)
Michael Gianaris
Kristen Gonzalez (Democratic/Working Families)
Michelle Hinchey (Democratic/Working Families)
Brad Hoylman-Sigal
Robert Jackson (Democratic/Working Families)
Brian Kavanagh (Democratic)
John Liu (Democratic)
Rachel May (Democratic/Working Families)
Zellnor Myrie (Democratic)
Kevin S. Parker (Democratic/Working Families)
Gustavo Rivera (Democratic/Working Families)
Julia Salazar (Democratic/Working Families)
James Sanders Jr. (Democratic)
Luis R. Sepúlveda (Democratic)
José M. Serrano (Democratic/Working Families)
Toby Ann Stavisky (Democratic)
Lea Webb (Democratic/Working Families)

Summary

Official abstract published by the New York legislature

Establishes a billionaire mark-to-market tax taxing residents with one billion dollars or more in net assets.

Text versions

S165

Roll-call votes

No recorded votes on this bill.

Actions

Jan 7, 2026 · Senate
REFERRED TO BUDGET AND REVENUE
Jan 8, 2025 · Senate
REFERRED TO BUDGET AND REVENUE