assembly Bill A3259

2021-2022 Legislative Session

Imposes a tax on the transfer of certain real property within two years of the prior transfer of such property

download bill text pdf

Sponsored By

Current Bill Status - In Assembly Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

Your Voice

do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 22, 2021 referred to ways and means

Co-Sponsors

view additional co-sponsors

Multi-Sponsors

A3259 (ACTIVE) - Details

Law Section:
New York City Administrative Code
Laws Affected:
Amd §11-2101, add §11-2120, NYC Ad Cd
Versions Introduced in Other Legislative Sessions:
2017-2018: A7406
2019-2020: A5375

A3259 (ACTIVE) - Summary

Imposes a tax on the transfer of certain real property within two years of the prior transfer of such property and provides for exemptions from such tax.

A3259 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3259
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 22, 2021
                                ___________
 
 Introduced  by  M.  of  A.  DILAN, BARRON, CRUZ, EPSTEIN, WALKER, REYES,
   GLICK, NOLAN, WILLIAMS, HYNDMAN -- Multi-Sponsored  by  --  M.  of  A.
   COOK,  SIMON  --  read  once and referred to the Committee on Ways and
   Means
 
 AN ACT to amend the administrative code of the  city  of  New  York,  in
   relation  to a tax on the transfer of certain real property within two
   years of the prior transfer of such property
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Short  title. This act shall be known and may be cited as
 the "New York state small home anti-speculation act".
   § 2. Section 11-2101 of the administrative code of  the  city  of  New
 York is amended by adding six new subdivisions 19, 20, 21, 22, 23 and 24
 to read as follows:
   19.  "PRIOR CONVEYANCE OF THE PROPERTY." THE MOST RECENT CONVEYANCE OF
 THE REAL PROPERTY, WHETHER CONVEYED ON ITS OWN OR AS PART  OF  A  LARGER
 CONVEYANCE.
   20.  "FAMILY  MEMBER."  A  PERSON'S  CHILD,  SPOUSE, DOMESTIC PARTNER,
 PARENT, SIBLING, GRANDCHILD OR GRANDPARENT, OR THE CHILD OR PARENT OF  A
 PERSON'S SPOUSE OR DOMESTIC PARTNER.
   21.  "PRINCIPAL  PLACE  OF RESIDENCE." A PERSON'S PERMANENT OR PRIMARY
 HOME THAT THE PERSON OCCUPIES FOR MORE THAN A  TEMPORARY  OR  TRANSITORY
 PURPOSE.
   22.  "NEW  HOUSING." A RESIDENTIAL UNIT OR UNITS THAT DID NOT EXIST AT
 THE TIME OF THE PRIOR CONVEYANCE OF THE PROPERTY TO THE EXTENT THAT  THE
 PROPERTY  HAD  NO  RESIDENTIAL UNITS AT THE TIME OF THE PRIOR CONVEYANCE
 AND AT LEAST ONE RESIDENTIAL UNIT WAS SUBSEQUENTLY ADDED.
   23. "QUALIFIED PERSONS." QUALIFIED PERSONS SHALL NOT INCLUDE  BUSINESS
 TRUSTS,  ESTATES, TRUSTS, LIMITED LIABILITY COMPANIES, LIMITED LIABILITY
 PARTNERSHIPS,  LIMITED  LIABILITY  INVESTMENT  COMPANIES,  ASSOCIATIONS,
 JOINT  VENTURES,  BUSINESS  OR  NONPROFIT ENTITIES, PUBLIC CORPORATIONS,
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.