New York · 2025 Regular Session · Bill

S 560: Provides for a transfer fee of 75% of the fair market value in dissolution or sales of a rental project or mutual company

In committee Last action January 7, 2026: REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

Plain-language summary

S 560 is a bill introduced in the New York Senate on January 8, 2025. According to its official title, it concerns: Provides for a transfer fee of 75% of the fair market value in dissolution or sales of a rental project or mutual company. Primary sponsor: Liz Krueger (Democratic/Working Families). It lists 5 additional sponsors. Most recent recorded action (January 7, 2026): REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT.

Sponsors

Primary sponsor: Liz Krueger (Democratic/Working Families). 5 co-sponsors.