A 342 New York Assembly · 2025 Regular Session

Establishes the end toxic home flipping act

Summary

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.

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

Governor

Introduced Jan 8, 2025 Last action May 14, 2026

Maddy AI version diff · 1 comparison

What changed between versions

A342 → A342A · 3 edits

MINOR

The bill was amended to add new sponsors and update its title from the 'end toxic home flipping act' to the 'end predatory home flipping act'. Additionally, the legislative history was updated to reflect that the bill was re-referred to the Ways and Means Committee after being amended.

Scope change

The scope of the bill remains unchanged; the text of the tax provisions, exemptions, and effective dates is identical to the previous version.

DEFINITION

The official title of the act was changed from 'end toxic home flipping act' to 'end predatory home flipping act'.

SCOPE

Three new sponsors (Cunningham, Valdez, and Gonzalez-Rojas) were added to the list of legislators introducing the bill.

TECHNICAL

The bill's procedural status was updated to show it was re-referred to the Committee on Ways and Means after being amended.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 14, 2026

Lower · Passed

PRINT NUMBER 342A

lower

May 14, 2026

Lower · Passed

AMEND AND RECOMMIT TO WAYS AND MEANS

lower

Jan 7, 2026

Committee

REFERRED TO WAYS AND MEANS

lower

Jan 8, 2025

Committee

REFERRED TO WAYS AND MEANS

lower

1 primary · 13 co-sponsors