Assembly bill · A5497 (2025-26)
Clarifies the exemption for cooperative housing corporations where there is no change in beneficial ownership
New York State Assembly
Sponsor: Alec Brook-Krasny (Assembly Member, District 46, Republican/Conservative)
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From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 18, 2026. About our data
Summary
Clarifies the exemption for cooperative housing corporations where there is no change in beneficial ownership.
Summary from NY Open Legislation. How we handle summaries
Amends the Tax Law.
Where it stands
Assigned to a committee for review.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
Ways and Means · New York State Assembly
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Cosponsors
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Read on NY Senate (opens in a new tab)- Republican3
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Full history
- Jan 7, 2026
Referred to committee
REFERRED TO WAYS AND MEANS
NY Assembly
- Feb 14, 2025
Referred to committee
REFERRED TO WAYS AND MEANS
NY Assembly
Read the record
- Read on NY Senate (opens in a new tab) The official record on nysenate.gov.