New York 2025 Session Status: Introduced

S8555 — Extends the authority for the town of Brookhaven to impose a real estate transfer tax with revenues therefrom to be deposited into a community preservation fund

Last action — In Assembly Committee

  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed Assembly
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the Senate. Introduced October 29, 2025. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Prognosis

Not enough signal yet

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

In plain language

Extends Brookhaven's ability to impose a real estate transfer tax until 2045.

The bill allows the town of Brookhaven to continue imposing a real estate transfer tax. The revenue from this tax will go into a community preservation fund and the authority is extended until 2045.

What this means for you
  • Families: Families buying or selling property in Brookhaven may face increased real estate transaction costs due to this tax.
  • Environment: The community preservation fund could potentially support environmental projects in the area, affecting community green spaces.
  • Small Business: This may impact small businesses involved in real estate transactions by introducing additional costs associated with property sales.

Summary

Extends the authority for the town of Brookhaven to impose a real estate transfer tax with revenues therefrom to be deposited into a community preservation fund until 2045.

Bill Text

Action History

  1. REFERRED TO LOCAL GOVERNMENTS

  2. DELIVERED TO ASSEMBLY

  3. PASSED SENATE

  4. ADVANCED TO THIRD READING

  5. 2ND REPORT CAL.

  6. 1ST REPORT CAL.349

  7. REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

  8. REFERRED TO RULES

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 218 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (218)

218 members have not signed on to this bill.

Show all 218 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation housing
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does S8555 do?
Extends the authority for the town of Brookhaven to impose a real estate transfer tax with revenues therefrom to be deposited into a community preservation fund until 2045.
Who sponsors S8555?
S8555 is sponsored by Anthony H. Palumbo.
What is the current status of S8555?
This bill has been introduced in the Senate. Introduced October 29, 2025. It must pass committee before a floor vote.
Where can I track S8555?
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Last checked for changes 3 months ago · updated continuously

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