New York A 8770: Relates to additional damages recoverable for the use of a deadly weapon

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A08770 Summary:

BILL NOA08770 

&nbsp

SAME ASNo Same As

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SPONSORRosenthal

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COSPNSR

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MLTSPNSR

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Add §396-sss, Gen Bus L

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Requires sellers of new residential construction to inform buyers of any price increase caused by tariffs on building materials.

Go to top A08770 Actions:

BILL NOA08770 

&nbsp

06/02/2025referred to consumer affairs and protection

01/07/2026referred to consumer affairs and protection

Go to topA08770 Committee&nbspVotes:

Go to topA08770 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA08770 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8770

 2025-2026 Regular Sessions

 IN ASSEMBLY

 June 2, 2025
 ___________

 Introduced by M. of A. ROSENTHAL -- read once and referred to the
 Committee on Consumer Affairs and Protection

 AN ACT to amend the general business law, in relation to requiring new
 residential construction sellers to inform buyers of any price
 increase caused by tariffs on building materials

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. The general business law is amended by adding a new section
 2 396-sss to read as follows:
 3 § 396-sss. New residential construction cost transparency. 1. For the
 4 purposes of this section, (a) "new residential construction" means any
 5 residential structure or unit, including single- and multi-family homes
 6 and for-sale units within multiple dwellings in which title to the indi-
 7 vidual units is transferred to owners under a condominium or cooperative
 8 regime, which has been recently constructed and is being listed for sale
 9 or sold for the first time. Such terms do not include dwellings
 10 constructed solely for lease, mobile homes as defined in section seven
 11 hundred twenty-one of this chapter, any house or unit in which the
 12 builder has resided or leased continuously for three years or more
 13 following the date of completion of construction, as evidenced by a
 14 certificate of occupancy, or any house or unit which has previously been
 15 sold, unless the purpose of such sale was for resale.
 16 (b) "Tariff cost estimate" means an estimate of any increase in the
 17 price or prices of a new residential construction resulting directly or
 18 indirectly from tariffs imposed by the federal government, including,
 19 but not limited to, tariffs on steel, lumber, and other goods used in
 20 the manufacturing, construction, or distribution of residential building
 21 materials. Such estimate shall include all increases in price attribut-
 22 able to the tariffs.
 23 2. Any seller or agent advertising for sale or entering into an agree-
 24 ment for the sale of new residential construction within this state

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD13212-03-5

 A. 8770 2

 1 shall provide buyers or potential buyers with a tariff cost estimate if
 2 the listed or agreed upon selling price of such construction has been
 3 increased due to increased costs of building materials caused by tariffs
 4 on imports. Such increase shall be clearly indicated in all listings of
 5 the construction including community, construction company, agent, and
 6 third-party listing websites, fliers, pamphlets, or other literature
 7 which contains the price or price estimate of the construction and on
 8 any purchase agreements or contracts for the sale of such construction
 9 in the form of an itemized price-breakdown, alongside any applicable
 10 taxes or fees, or in another manner compliant with this section.
 11 § 2. This act shall take effect immediately.

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