NY A10430

Requires joint real property transfer tax returns for conveyances of residential property (one- to four-family dwelling units) where the grantor or grantee is a limited liability company to include identifying information on all members, managers, and authorized persons of the LLC.

Mandates disclosure of names and business addresses of all shareholders, directors, officers, members, managers, and partners of any LLC or business entity that are members, managers, or authorized persons of the transferring LLC.

Requires full disclosure of ultimate ownership by tracing through multiple layers of business entities until natural persons are identified, if applicable.

Applies the same disclosure requirements to both state real property transfer tax returns under Tax Law Section 1409 and New York City real property transfer tax returns under Administrative Code Section 11-2105.

Specifies that disclosure of such identifying information does not constitute an invasion of privacy under the Public Officers Law and takes effect immediately upon enactment.