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S 9867 New York Senate · 2025 Regular Session

Enacts the "teardown tax act"

Summary
Enacts the "teardown tax act"; establishes a dwelling unit removal surcharge on the conversion of multiple dwelling units into single-family dwellings in the city of New York.
Issues: ✗ Budget & TaxesOpposes Budget & TaxesBill imposes a new surcharge (tax) on property removal, restricting fiscal flexibility and increasing tax burden.90% confidence ✗ HousingOpposes HousingThe bill imposes a surcharge on removing dwelling units, which restricts the supply of housing and limits development opportunities.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Apr 2026
Committee Review
Floor Vote
Governor
Introduced Apr 9, 2026 Last action May 12, 2026
Maddy AI version diff · 2 comparisons

What changed between versions

S9867A → S9867B · 4 edits
MODERATE
The bill was amended to shift its focus from a general tax on demolishing or altering residential buildings to a specific tax on converting multi-family buildings into single-family homes. This change targets the loss of affordable rental housing caused by conversions rather than the destruction of existing structures. The surcharge amount was also increased significantly from $10,000 to $50,000 per unit converted.
Scope change
The bill's scope narrowed from covering all demolition and alteration permits to specifically targeting only new or amended certificates of occupancy for multiple dwellings converted into single-family dwellings.
SCOPE

The tax trigger changed from issuing permits for demolition or alteration to issuing certificates of occupancy for converting multi-family buildings into single-family homes.

FISCAL

The surcharge amount increased from $10,000 per removed unit to $50,000 per converted unit.

ELIGIBILITY

The tax now applies only to lawfully existing dwelling units in a multi-family building that are removed during a conversion, excluding the single unit authorized after the conversion.

REQUIREMENT

The requirement to pay the surcharge is now tied to the issuance of a new or amended certificate of occupancy rather than a demolition or alteration permit.

Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
5
Key actions
4
Committee
1
Amendments
4
May 12, 2026
Upper · Passed
PRINT NUMBER 9867B
upper
May 12, 2026
Upper · Passed
AMEND AND RECOMMIT TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
upper
Apr 16, 2026
Upper · Passed
PRINT NUMBER 9867A
upper
Apr 16, 2026
Upper · Passed
AMEND AND RECOMMIT TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
upper
Apr 9, 2026
Committee
REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Erik Bottcher
Erik Bottcher
DDemocratic
NY
47