New York bills · 2025 Regular Session
New York A 7706
Grants tax credit for downpayment made on residential housing
- Introduced
- In committee
- Passed House
- Passed Senate
- To Governor
- Became law
Sponsors
- Michael J. Fitzpatrick (Republican)
Cosponsors (3)
- David DiPietro (Republican)
- Mike Reilly (Republican)
- Chris Tague (Republican)
Summary
Official abstract published by the New York legislature
Grants credit against personal income tax to purchasers of residential housing in the amount of any downpayment made on such housing; provides that the maximum credit shall not exceed 5 percent of the purchase price of the residential housing; requires taxpayers to meet eligibility requirements imposed by the state of New York mortgage agency.
Text versions
Roll-call votes
No recorded votes on this bill.
Actions
- Jan 7, 2026 · House
REFERRED TO WAYS AND MEANS - Apr 8, 2025 · House
REFERRED TO WAYS AND MEANS