GRAR
SUPPORTS ENACTMENT OF THE FOLLOWING
Property Tax Relief
Property tax relief is a top legislative priority for lawmakers and GRAR alike. REALTORS® will be active advocates for significant tax reductions in the near term and structural reforms to the
tax code that will foster tax savings for property owners. Government consolidation legislation may also provide a good first step toward long term property tax relief in New York. In addition, GRAR
& NYSAR support the cap on the growth of school property tax levies as recommended by the NYS Commission on Property Tax Relief.
Homebuyer Tax Credit (S.3900 Addabbo / A.7125 V. Lopez)
STATUS: Senate Finance / Assembly Ways & Means
GRAR & NYSAR support legislation to provide a personal income tax credit to all who purchase a primary residence including a condo, co-op and one or two family home for under $1 million. The
state tax credit is worth a total of $7,000 to be returned to the homeowner over a maximum of three years. This measure will provide incentives to homebuyers while stimulating the state’s struggling
economy.
Property Condition Disclosure Reforms (S.4672 Libous / A.1364A Brodsky)
STATUS: Senate Judiciary / Assembly Judiciary
GRAR & NYSAR seek to improve and streamline the current statutory required Sellers Property Condition Disclosure form with the goal of making it easier for sellers to complete and more useful for
buyers.
First-time Homebuyer Savings Accounts (S.1463 Robach / A.8636 Towns)
STATUS: Senate Investigations & Government Operations / Assembly Ways & Means
GRAR & NYSAR seek the passage of legislation that would allow individuals and couples to make pre-tax contributions to a savings account that would be dedicated to the purchase of a first
home.
GRAR OPPOSES ENACTMENT OF THE FOLLOWING LEGISLATION
Loan Counseling Requirement as Part of Contract of Sale (S.134B Sampson / A.3192 Towns)
STATUS: Passed Senate / Assembly "Enacting Clause Stricken"
GRAR & NYSAR oppose legislation to require a “loan counseling disclosure notice” be attached to all contracts of commercial or residential sale of real property. This legislation has
serious technical and practical flaws which may lead to unintended consequences.
Statewide Transfer Tax Authorization (A.8571 Hoyt; A.5767 Sweeney; S.381 Breslin)
STATUS: Assembly Local Governments; Assembly Ways & Means; Senate Environmental Conservation
GRAR & NYSAR will continue oppose all legislation that would create a more fluid process for the approval of transfer tax increases, regardless of the intent of the dedicated monies.
Wetlands Oversight (S.848 Marcellino / A.6363 Sweeney; S.4956 Thompson)
STATUS: Senate Environmental Conservation / Passed Assembly; Senate Environmental Conservation
GRAR & NYSAR oppose this unnecessary legislation which would increase state Department of Environmental Conservation oversight of wetlands.
Water Testing Disclosure (S.2678 Morahan / A.4557 Jaffee)
STATUS: Senate Environmental Conservation / Passed Assembly
GRAR & NYSAR oppose legislation to require a water quality test as a condition of the transfer of any real property served by a well. This legislation will delay real estate closings and it
is unnecessary, duplicative and essentially an unfunded mandate on New York State homeowners.
Well Water Education Act (S.3506 Thompson / A.7083 Jaffee)
STATUS: Senate Health / Assembly Codes
GRAR & NYSAR oppose legislation to require home inspectors and licensed real estate brokers and salespersons to provide well water education materials to prospective buyers addressing the
potential hazards of well water. This bill has very serious technical flaws that if enacted into law, will cause a tremendous amount of confusion and uncertainty in real estate transactions across
New York.
Citizen Suits (S.1635 Sampson / A.9480 Sweeney & A.3423 Bradley)
STATUS: Senate Cal. 29 / Both Assembly Evironmental Conservation
GRAR & NYSAR strongly oppose this legislation that would essentially grant any private citizen the ability to commence a civil action seeking to remedy certain violations to the Environmental
Conservation Law (ECL). Providing private citizens with the ammunition to seek judicial enforcement of the ECL carries the unintended consequence of further crippling New York State’s building and
development industries. In some cases, construction projects will be completely shut down and local community taxpayers will be the ones that ultimately pay the price. This legislation is
unnecessary as current vehicles to remedy any violations of the ECL already exist.
NY Protect Title to My Home Act (S.4078 Sampson / A.3518 Perry)
STATUS: Senate Judiciary / Assembly Cal. 529
GRAR & NYSAR oppose legislation to require county clerks and city registrars to delay the recording of a residential real property deed until 30 days after closing. Ironically, by providing
for this 30 day gap between closing and the recording of the deed, this legislation would provide an opportunity for unscrupulous sellers to transfer their property numerous times before the deed is
recorded with the county of record.
Expanded Agriculture Disclosure Notice (S.5428 Aubertine / A.7835 Koon)
STATUS: Senate Cal. 382 / Assembly Agriculture
GRAR & NYSAR oppose a measure to expand current law by requiring sellers of property partially or wholly within five-hundred feet of an agricultural district provide the agriculture disclosure
form to prospective buyers. The legislation fails to require from a government entity the availability of information necessary for sellers to determine their disclosure requirements.
Real Estate Licensee Scope of Practice (A.2975 Benjamin)
STATUS: Assembly Judiciary
GRAR & NYSAR oppose legislation to mandate a real estate broker practice solely within the confines of their county of residence or the county of their principal or branch office.
Curbing of Availability of Real Property Records (A.2829 Fields)
STATUS: Assembly Governmental Operations
Chapter 223 of the laws of 2008 amended public officer’s law to provide an exemption for the disclosure of real property information by county clerks. This legislation would eliminate this
exemption and therefore severely restrict the availability of real property information for consumers, real estate licensees and other interested parties.
