Changes the amount of the exemption permitted for capital improvements to residential buildings

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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.

Chamber: Senate
Introduced: Jan 16, 2025
Last action: May 15, 2026 — PRINT NUMBER 2320A
Session: 2025-2026
Momentum: 40 · Moderate

PASSAGE PROBABILITY

1% Unlikely

Why this number

Stage base Amended — base rate 13%, measured from NY's completed sessions
Momentum -2 40/100 from the pace of recorded action
Time since last action -22 152 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.