2025-2026 Regular Session • New York Legislature
A07525
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
70% Positive
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Bill History
4/1/2025
referred to ways and means
Assembly
Status Information
Current Status
Introduced(4/1/2025)
Chamber
Assembly
Committee
Ways and Means(Assembly)
Sponsors
Republican: 1
Primary Sponsor
Michael Fitzpatrick
Republican