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A 3246 New York Assembly · 2025 Regular Session

Relates to treatment of gains from qualified opportunity zones in calculating taxable income

Summary
Relates to treatment of gains from qualified opportunity zones in calculating taxable income; removes exclusion of gains on property in qualified opportunity zones in calculation of income.
Issues: ✓ Budget & TaxesSupports Budget & TaxesRemoves exclusion of gains from qualified opportunity zones, closing a tax loophole and increasing taxable income for fiscal responsibility.90% confidence ✗ HousingOpposes HousingBill removes tax exclusion for gains in Qualified Opportunity Zones, potentially reducing investment incentives for housing development in low-income areas.65% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 27, 2025 Last action Jan 7, 2026
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
2
Jan 7, 2026
Committee
REFERRED TO WAYS AND MEANS
lower
Jan 27, 2025
Committee
REFERRED TO WAYS AND MEANS
lower
1 primary · 41 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Jeffrey Dinowitz
Jeffrey Dinowitz
DDemocratic
NY
81
Co
Photo of Al Stirpe
Al Stirpe
DDemocratic
NY
127
Co
Photo of Alex Bores
Alex Bores
DDemocratic/Working Families
NY
73
Co
Photo of Amanda Septimo
Amanda Septimo
DDemocratic/Working Families
NY
84
Co
Photo of Amy Paulin
Amy Paulin
DDemocratic
NY
88
Co
Photo of Andrew Hevesi
Andrew Hevesi
DDemocratic
NY
28
Co
Photo of Anna Kelles
Anna Kelles
DDemocratic/Working Families
NY
125
Co
Photo of Bill Conrad
Bill Conrad
DDemocratic/Independence/Working Families
NY
140
Co
Photo of Brian Cunningham
Brian Cunningham
DDemocratic
NY
43
Co
Photo of Catalina Cruz
Catalina Cruz
DDemocratic
NY
39
Co
Photo of Charles Lavine
Charles Lavine
DDemocratic
NY
13