2025-2026 Regular Session • New York Legislature
S00850
Legislative Summary
Establishes the "first-time homebuyer tax credit act"; provides that a qualified taxpayer shall be allowed a credit against the taxes imposed by this article for taxes levied on the taxpayer's primary residence by or on behalf of any county, city, town, village, or school district in which such property is located.
Demographic Impact
Overall analysis of equity impact
75% Positive
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Bill History
1/8/2025
REFERRED TO BUDGET AND REVENUE
Senate
3/17/2025
NOTICE OF COMMITTEE CONSIDERATION - REQUESTED
Senate
Status Information
Current Status
Introduced(1/8/2025)
Chamber
Senate
