Relates to creating the Neighborhood Small Business Rent Increase Exemption

Introduced

In Committee

Floor

Crossed Over

Passed

Enacted

Overview Bill text 2 Compare versions History 6 Sponsors

Relates to creating the Neighborhood Small Business Rent Increase Exemption; provides a tax abatement for limiting rent increases on small businesses in a city of one million or more persons.

Chamber: Senate
Introduced: Jan 10, 2025
Last action: May 14, 2026 — REPORTED AND COMMITTED TO FINANCE
Session: 2025-2026
Momentum: 45 · Moderate

PASSAGE PROBABILITY

1% Unlikely

Why this number

Stage base Amended — base rate 13%, measured from NY's completed sessions
Momentum -1 45/100 from the pace of recorded action
Time since last action -22 154 days quiet

A transparent scoring model over stage, momentum, recency, sponsorship and recorded votes — not a trained predictor. Treat it as a way to rank attention, not as a forecast.