States / New York / S 5716

S 5716 In Committee

Requires certain joint tax returns pertaining to residential real estate cash purchases by limited liability companies to disclose the source of funds used for the purchase

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

Requires certain joint tax returns pertaining to residential real estate cash purchases by limited liability companies to be accompanied by a document which identifies the source or sources of funds used for the purchase, including the type of funding used, the bank account information of any funds used in the purchase and the amount used by each source of funds.

Chamber
Senate
Introduced
Feb 28, 2025
Last action
Jan 7, 2026 — REFERRED TO BUDGET AND REVENUE
Session
2025-2026
Momentum
27 · Low