New York · 2025 Regular Session · Bill
S 7516: Implements transfer assessments for certain classes of property in a city with a population of one million or more
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
S 7516 is a bill introduced in the New York Senate on April 21, 2025. According to its official title, it concerns: Implements transfer assessments for certain classes of property in a city with a population of one million or more. Primary sponsor: Cordell Cleare (Democratic). Most recent recorded action (January 7, 2026): REFERRED TO LOCAL GOVERNMENT.
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.
Implements transfer assessments for any class one or class two parcel in any special assessing unit wholly contained within a city which has had a transfer of title within the fiscal year where the market value of such parcel, as determined by the New York city department of finance, is greater than the assessed value of such parcel.
Sponsors
Sponsors by party (alphabetical): Democratic 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Cordell Cleare | Primary sponsor | Democratic | Senate | 30 |
“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 LOCAL GOVERNMENT
- REFERRED TO LOCAL GOVERNMENT