Members of limited liability companies will no longer be able to shield their identities from the state when purchasing certain residential properties.

Bill S1730, which was signed into law last week by Gov. Andrew Cuomo, went into effect immediately and requires LLCs across the state to disclose the identities of all members, managers and any other authorized persons associated with the company when filing a joint tax return on the sale of residential properties.

The law only applies to residential properties containing one-to four-family dwelling units.