S 1237 New York Senate · 2025 Regular Session

Relates to rebates for stock transfer tax paid; repealer

Summary

Repeals the rebates for stock transfer tax paid; dedicates funds of the stock transfer tax fund and stock transfer incentive fund to various funds; establishes the safe water and infrastructure action program.

Issues: ✓ Budget & Taxes

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

Governor

Introduced Jan 8, 2025 Last action Jan 7, 2026

Maddy AI version diff · 1 comparison

What changed between versions

S1237 → S1237A · 5 edits

MODERATE

The bill was amended to add multiple sponsors and update its status after committee review. The substantive policy changes involve modifying how stock transfer tax funds are distributed, specifically removing allocations to the Municipal Assistance Corporation and the Metropolitan Transportation Authority, while adding new allocations to affordable housing programs and the New York City Housing Authority for Section 9 housing.

Scope change

The bill's scope regarding fund distribution was narrowed by removing certain allocations and adding new ones for housing initiatives.

FISCAL

Removed funding allocation to the Municipal Assistance Corporation for the city of New York.

Removed funding allocation to the Metropolitan Transportation Authority financial assistance fund.

Modified affordable housing allocation to remove reference to the division of housing and community renewal, consolidating it under the New York City Housing Authority.

Added new allocation for the New York City Housing Authority specifically for Section 9 housing programs.

TECHNICAL

Added multiple sponsors to the bill and updated committee status to reflect discharge and amendment.

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 FINANCE

upper

Dec 8, 2025

Upper · Passed

PRINT NUMBER 1237A

upper

Dec 8, 2025

Upper · Passed

AMEND AND RECOMMIT TO FINANCE

upper

Jan 8, 2025

Committee

REFERRED TO FINANCE

upper

1 primary · 18 co-sponsors