A 4714 New York Assembly · 2025 Regular Session

Relates to the conveyance of certain real property for open space, parks, or historic preservation purposes

Summary

Exempts the conveyance of real property for open space, parks, or historic preservation purposes to any not-for-profit tax exempt corporation operated for conservation, environmental, parks or historic preservation purposes from the state real estate transfer tax and the additional tax on real estate transfers of residential real property where the consideration is one million dollars or more.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 4, 2025 Last action Jan 7, 2026

Maddy AI version diff · 1 comparison

What changed between versions

A4714 → A4714A · 3 edits

MINOR

This bill amends New York's tax law to expand tax exemptions for real property transfers to not-for-profit organizations focused on conservation, environmental, parks, or historic preservation. The change clarifies that these organizations are exempt from additional taxes on residential property transfers when the consideration is one million dollars or more.

Scope change

The bill's scope was expanded to explicitly include 'parks' as a qualifying purpose alongside conservation, environmental, and historic preservation purposes for tax-exempt real property transfers.

ELIGIBILITY

Added 'parks' to the list of qualifying purposes for tax-exempt real property conveyances to not-for-profit organizations.

TECHNICAL

Changed the bill number from A4714 to A4714A and updated the bill's status to reflect it was amended and recommitted to the Committee on Ways and Means.

Updated the amendment section reference from Section 1402-a to Section 1405 and changed the subdivision from (d) to (c).

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jan 7, 2026

Committee

REFERRED TO WAYS AND MEANS

lower

Mar 19, 2025

Lower · Passed

PRINT NUMBER 4714A

lower

Mar 19, 2025

Lower · Passed

AMEND (T) AND RECOMMIT TO WAYS AND MEANS

lower

Feb 4, 2025

Committee

REFERRED TO WAYS AND MEANS

lower

1 primary · 9 co-sponsors