2025-2026 Regular SessionNew York Legislature

A02709

Legislative Summary

Excludes certain owners of single family residential rental properties who own more than one single family residential rental property from being eligible for credits for interest payments and depreciation for such rental properties; provides exceptions for qualified nonprofit organization; defines terms; grants the commissioner of taxation and finance the authority to make rules and regulations pertaining to carrying out such provisions and preventing avoidance of compliance with such provisions.

Demographic Impact

Overall analysis of equity impact

Neutral
Medium ConfidenceView detailed demographic breakdown ↓

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Bill History

1/22/2025
referred to ways and means
Assembly

Status Information

Current Status
Introduced(1/22/2025)
Chamber
Assembly
Committee
Ways and Means(Assembly)

Sponsors

Democrat: 1

Documents

Introduced
Bill Text1/22/202512.1 KB