S 574 New York Senate · 2025 Regular Session

Establishes the end predatory 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

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What changed between versions

S574 → S574A · 2 edits

MINOR

The bill was amended to rename the legislation from the 'end toxic home flipping act' to the 'end predatory home flipping act' and updated the list of sponsoring senators to include new members while removing others. The core tax provisions, exemptions, and effective dates remain unchanged.

Scope change

The bill's substantive scope and applicability remain unchanged; only the title and sponsor list were modified.

DEFINITION

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

SCOPE

The list of sponsoring senators was updated to reflect new sponsors (Comrie, Fernandez) and remove previous sponsors (Cleare, Gianaris, Gonzalez, Hoylman-Sigal, Jackson, Myrie, Ramos, Sanders, Sepulveda).

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 14, 2026

Upper · Passed

PRINT NUMBER 574A

upper

May 14, 2026

Upper · Passed

AMEND AND RECOMMIT TO CITIES 1

upper

Jan 7, 2026

Committee

REFERRED TO CITIES 1

upper

Jan 8, 2025

Committee

REFERRED TO CITIES 1

upper

1 primary · 12 co-sponsors