New York · 2025 Regular Session · Bill
S 165: Establishes a billionaire mark-to-market tax
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
S 165 is a bill introduced in the New York Senate on January 8, 2025. According to its official title, it concerns: Establishes a billionaire mark-to-market tax. Primary sponsor: Jessica Ramos (Democratic/Working Families). It lists 23 additional sponsors. Most recent recorded action (January 7, 2026): REFERRED TO BUDGET AND REVENUE.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Establishes a billionaire mark-to-market tax taxing residents with one billion dollars or more in net assets.
Sponsors
Sponsors by party (alphabetical): Democratic 9 · Democratic/Working Families 13
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Jessica Ramos | Primary sponsor | Democratic/Working Families | Senate | 13 |
| Jabari Brisport | Co-sponsor | Democratic/Working Families | Senate | 25 |
| Samra Brouk | Co-sponsor | Democratic/Working Families | Senate | 55 |
| Cordell Cleare | Co-sponsor | Democratic | Senate | 30 |
| Leroy Comrie | Co-sponsor | Democratic | Senate | 14 |
| Jeremy Cooney | Co-sponsor | Democratic/Working Families | Senate | 56 |
| Nathalia Fernández | Co-sponsor | Democratic | Senate | 34 |
| Michael Gianaris | Co-sponsor | Not applicable (committee) | — | — |
| Kristen Gonzalez | Co-sponsor | Democratic/Working Families | Senate | 59 |
| Michelle Hinchey | Co-sponsor | Democratic/Working Families | Senate | 41 |
| Brad Hoylman-Sigal | Co-sponsor | Not applicable (committee) | — | — |
| Robert Jackson | Co-sponsor | Democratic/Working Families | Senate | 31 |
| Brian Kavanagh | Co-sponsor | Democratic | Senate | 27 |
| John Liu | Co-sponsor | Democratic | Senate | 16 |
| Rachel May | Co-sponsor | Democratic/Working Families | Senate | 48 |
| Zellnor Myrie | Co-sponsor | Democratic | Senate | 20 |
| Kevin Parker | Co-sponsor | Democratic/Working Families | Senate | 21 |
| Gustavo Rivera | Co-sponsor | Democratic/Working Families | Senate | 33 |
| Julia Salazar | Co-sponsor | Democratic/Working Families | Senate | 18 |
| James Sanders | Co-sponsor | Democratic | Senate | 10 |
| Luis Sepúlveda | Co-sponsor | Democratic | Senate | 32 |
| Jose Serrano | Co-sponsor | Democratic/Working Families | Senate | 29 |
| Toby Stavisky | Co-sponsor | Democratic | Senate | 11 |
| Lea Webb | Co-sponsor | Democratic/Working Families | Senate | 52 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- REFERRED TO BUDGET AND REVENUE
- REFERRED TO BUDGET AND REVENUE