New York Assembly Bill 342: Establishes the end toxic home flipping act

New York · 2025-2026 session

Status: Introduced

What it does

Establishes the end toxic 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.

Latest action

PRINT NUMBER 342A (2026-05-14)

See how A 342 affects you on CapitolKey

Browse more bills · CapitolKey home