New York 2025-2026 Regular Session

New York Senate Bill S02320

Introduced
1/16/25  
Refer
1/16/25  
Report Pass
3/3/25  

Caption

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.

Companion Bills

No companion bills found.

Previously Filed As

NY H8190

Increase the estate exemption to $5,000,000 for January 1, 2027, $7,500,000 for January 1, 2029, $10,000,000 for January 1, 2031. This act would eliminate the estate tax for decedents whose death occurs on or after January 1, 2033.

NY S08057

Provides additional tax exemptions on qualifying residential real property where two or more qualified veterans live in the same household.

NY S0187

Increases the net taxable estate exemption to four million dollars ($4,000,000) for deaths that occur on or after January 1, 2026.

NY S07825

Grants tier IV benefits in the New York state and local retirement system to employees hired on or after January 1, 2010.

NY H5783

Increases the net taxable estate exemption to four million dollars ($4,000,000) for deaths that occur on or after January 1, 2026.

NY H5754

Increases the net taxable estate exemption to four million dollars ($4,000,000) for deaths that occur on or after January 1, 2026.

NY S0455

Increases the net taxable estate exemption to $3,600,000 on January 1, 2026 and increases the exemption by $1,000,000 on January 1, 2027, and every year thereafter.

NY S2019

Increase the net taxable estate exemption to $3,600,000 on January 1, 2027. This act would also increase the exemption by $1,000,000 on January 1, 2028 and every year thereafter until this section and the tax would sunset and expire on January 1, 2033

NY A08316

Establishes a supplemental property tax exemption for veterans and certain un-remarried spouses of veterans upon the adoption of a local law, ordinance or resolution.

NY H7312

Increases the net taxable estate exemption to fifteen million dollars ($15,000,000) for deaths that occur on or after January 1, 2027.

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