New York · 2025 Regular Session · Bill

S 5716: Requires certain joint tax returns pertaining to residential real estate cash purchases by limited liability companies to disclose the source of funds used for the purchase

In committee Last action January 7, 2026: REFERRED TO BUDGET AND REVENUE

Plain-language summary

S 5716 is a bill introduced in the New York Senate on February 28, 2025. According to its official title, it concerns: Requires certain joint tax returns pertaining to residential real estate cash purchases by limited liability companies to disclose the source of funds used for the purchase. Primary sponsor: James Skoufis (Democratic). Most recent recorded action (January 7, 2026): REFERRED TO BUDGET AND REVENUE.

Sponsors

Primary sponsor: James Skoufis (Democratic).