Housing

passed · New York · Senate Jun 1, 2026

S 3340: Relates to treatment of gains from qualified opportunity zones in calculating taxable income

Relates to treatment of gains from qualified opportunity zones in calculating taxable income; removes exclusion of gains on property in qualified opportunity zones in calculation of income.

Topics ✗ Budget & TaxesOpposes Budget & TaxesRemoves exclusion of gains from qualified opportunity zones, increasing taxable income and reducing tax incentives for investors.95% confidence ✗ HousingOpposes HousingRemoves tax exclusion for gains in qualified opportunity zones, reducing investment incentives for housing development in low-income areas. Weakens a key tool for affordable housing projects.92% confidence | Rep's Stance ✓ Voted Yes ✗ Opposes Housing

Track

passed · New York · Senate May 28, 2026

S 8555: Extends the authority for the town of Brookhaven to impose a real estate transfer tax with revenues therefrom to be deposited into a community preservation fund

Extends the authority for the town of Brookhaven to impose a real estate transfer tax with revenues therefrom to be deposited into a community preservation fund until 2045.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends real estate transfer tax authority to fund community preservation, directing tax revenue to public services per bill language.90% confidence ✓ HousingSupports HousingExtends real estate transfer tax to fund community preservation, which typically supports affordable housing initiatives through dedicated revenue streams.90% confidence | Rep's Stance ✗ Voted No ✗ Opposes Housing

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