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Bill May 21, 2026

Establishes the end toxic home flipping act

Establishes the end predatory home flipping act; imposes a tax on the transfer of certain residential properties which are sold within two years of the prior conveyance of such property; exempts certain purchases of residential properties from mortgage recording taxes; imposes a tax on the transfer of certain properties in the city of New York which are sold for one million dollars or more.

https://openstates.org/ny/bills/2025-2026/A342/
Catalina Cruz Assemblymember Marcela Mitaynes Assemblymember Cosponsor Emily Gallagher Assemblymember Cosponsor Karines Reyes Assemblymember Cosponsor Jo Anne Simon Assemblymember Cosponsor Linda Rosenthal Assemblymember Cosponsor Steven Raga Assemblymember Cosponsor Latrice Walker Assemblymember Cosponsor Phara Souffrant Forrest Assemblymember Cosponsor Brian Cunningham Assemblymember Cosponsor Claire Valdez Assemblymember Cosponsor Jessica González-Rojas Assemblymember Cosponsor Diana Moreno Assemblymember Cosponsor
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