New York Assembly Bill 11316: 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.

New York · 2025-2026 session

Status: In committee

Latest action

referred to ways and means (2026-05-11)

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