A 4139: Relates to unlawful dealing in real property, when a person uses material governmental information, which such person knows or has reason to know is non-public, to purchase or sell real property; makes such offense a class A misdemeanor.
The bill aims to prevent the misuse of non-public government information to influence real estate transactions. A person can be guilty of unlawful dealing in real property if they use material government information to purchase or sell property based on an expected change in its value, such as tax incentives or zoning approvals. The bill defines "material government information" as any information about government decisions, including tax incentives, land use, and environmental decisions. The offense is classified as a class A misdemeanor. The bill takes effect 180 days after it becomes a law.
| Jan. 07, 2026 | referred to codes |
| Jan. 31, 2025 | referred to codes |
STATE OF NEW YORK ________________________________________________________________________ 4139 2025-2026 Regular Sessions IN ASSEMBLY January 31, 2025 ___________ Introduced by M. of A. SIMON, STECK, LUNSFORD, TAYLOR, REYES, BICHOTTE HERMELYN, DINOWITZ, GIBBS, KIM, TAPIA, COOK -- read once and referred to the Committee on Codes AN ACT to amend the penal law, in relation to unlawful dealing in real property The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The penal law is amended by adding a new section 190.95 to 2 read as follows: 3 § 190.95 Unlawful dealing in real property. 4 A person is guilty of unlawful dealing in real property when such 5 person uses material governmental information which such person knows or 6 has reason to know is non-public to purchase or sell real property based 7 on an expected change in value of such property relating to such materi- 8 al governmental information. For purposes of this section, "material 9 governmental information" is any material information about the certain 10 awarding or approval of tax incentives, tax abatement, payments in lieu 11 of taxes, bonds, notes, loans, grants, rebates, contracts, land use or 12 environmental decisions, including but not limited to planning and 13 zoning approvals and state environmental quality review act statutes and 14 regulations, by any state or local governmental entity including but not 15 limited to authorities, boards, commissions, industrial development 16 agencies, and regional economic development councils. 17 Unlawful dealing in real property is a class A misdemeanor. 18 § 2. This act shall take effect on the one hundred eightieth day after 19 it shall have become a law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD01615-01-5