New York Assembly bill in Session 2025-2026.
Status: in_committee. Latest action: January 21, 2026.
Directs the department of taxation and finance to establish a pilot program for implementation of local land value taxation.
Authorizes municipalities to develop and implement a plan for local land value taxation based on classes of land; allows real estate to be classified as land or land exclusive of buildings and buildings on land.
| Date | Event | Detail |
|---|---|---|
| 2025-01-27 | Introduced | Bill introduced |
| 2026-01-21 | Status | in_committee |
| 2026-01-21 | Latest Action | In Assembly Committee |