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S05376 Summary:
| BILL NO | S05376 |
| SAME AS | SAME AS A06574 |
| SPONSOR | SALAZAR |
| COSPNSR | BIAGGI, BRISPORT, CLEARE, GIANARIS, HOYLMAN, JACKSON, MYRIE, RAMOS, SANDERS, SEPULVEDA |
| MLTSPNSR | |
| Add §§11-2120 & 11-2121, NYC Ad Cd; amd §252-a, Tax L | |
| Establishes the COVID-19 community protection act of 2021; imposes a tax on the transfer of certain residential properties which are sold within two years of the prior conveyance of such property; exempts certain purchases of residential properties from mortgage recording taxes; imposes a tax on the transfer of certain properties in the city of New York which are sold for one million dollars or more. | |