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New York · 2025 Regular Session · Bill

S 2320: Changes the amount of the exemption permitted for capital improvements to residential buildings

In committee Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

S 2320 is a bill introduced in the New York Senate on January 16, 2025. According to its official title, it concerns: Changes the amount of the exemption permitted for capital improvements to residential buildings. Primary sponsor: Pat Fahy (Democratic). Most recent recorded action (May 15, 2026): PRINT NUMBER 2320A.

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.

Changes the amount of the exemption permitted for capital improvements to residential buildings to $200,000 where a local law or resolution is adopted on or after January 1, 2026.

Sponsors

Sponsors by party (alphabetical): Democratic 1

NameRolePartyChamberDistrict
Pat FahyPrimary sponsorDemocraticSenate46

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. PRINT NUMBER 2320A
  2. AMEND AND RECOMMIT TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
  3. REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
  4. REPORTED AND COMMITTED TO FINANCE
  5. REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source