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 Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
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.
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.
Provides for a transfer fee of 75% of the fair market value in dissolution or sales of a rental project or mutual company.
Sponsors
Sponsors by party (alphabetical): Democratic 2 · Democratic/Working Families 3
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Liz Krueger | Primary sponsor | Democratic/Working Families | Senate | 28 |
| Jamaal Bailey | Co-sponsor | Democratic/Working Families | Senate | 36 |
| Brad Hoylman-Sigal | Co-sponsor | Not applicable (committee) | — | — |
| John Liu | Co-sponsor | Democratic | Senate | 16 |
| Jose Serrano | Co-sponsor | Democratic/Working Families | Senate | 29 |
| Toby Stavisky | Co-sponsor | Democratic | Senate | 11 |
“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 HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
- REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT