New York · 2025 Regular Session · Bill

S 5907: Exempts mortgages of residential real property from taxation when property is purchased by owners receiving state or federal buyout of prior residence destroyed in hurricane Sandy

In committee Last action January 7, 2026: REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

Plain-language summary

S 5907 is a bill introduced in the New York Senate on March 3, 2025. According to its official title, it concerns: Exempts mortgages of residential real property from taxation when property is purchased by owners receiving state or federal buyout of prior residence destroyed in hurricane Sandy. Primary sponsor: Andrew Lanza (Republican/Conservative/Independence/Reform). Most recent recorded action (January 7, 2026): REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS.

Sponsors

Primary sponsor: Andrew Lanza (Republican/Conservative/Independence/Reform).