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S01572Introduced in the Senate

Imposes an excise tax on the failure of certain hedge funds owning excess single-family residences to dispose of such residences; establishes the housing down payment trust fund to provide funds to state housing finance agencies to establish new or supplement existing programs that provide down payment assistance to families purchasing homes within the state.

IntroducedSenate Finance

Introduced by Liz Krueger, District 28

What does this bill do?

Plain-English breakdown

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Official description

Imposes an excise tax on the failure of certain hedge funds owning excess single-family residences to dispose of such residences; establishes the housing down payment trust fund to provide funds to state housing finance agencies to establish new or supplement existing programs that provide down payment assistance to families purchasing homes within the state.

Where it stands

REPORTED AND COMMITTED TO FINANCE

March 24, 2026

How did lawmakers vote?

SenateStage: Senate Investigations And Government Operations Committee Vote · March 24, 2026

5

Yes

2

No

0

Absent or Not Voting

7 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.

What do people think?

Citizen Voice

How would you vote on this bill?

An unofficial public opinion poll. It does not affect the bill or the official vote.

One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.

See how each senator voted

SenatorDistrictVote
Siela Bynoe6Yes
Stephen Chan17No
Cordell Cleare30Yes
James Skoufis42Yes
Erik Bottcher47Yes
Rachel May48Yes
Thomas O'Mara58No

Bill history

  1. REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

  2. REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

  3. REPORTED AND COMMITTED TO FINANCE

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