NY A04884 | 2023-2024 | General Assembly

Status

Spectrum: Partisan Bill (Republican 5-0)
Status: Introduced on February 24 2023 - 25% progression
Action: 2024-01-03 - referred to ways and means
Pending: Assembly Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]

Summary

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.

Tracking Information

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Title

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.

Sponsors


Roll Calls

2023-06-08 - Assembly - Assembly Ways And Means Committee: Held for Consideration (Y: 23 N: 11 NV: 0 Abs: 1) [PASS]

History

DateChamberAction
2024-01-03Assemblyreferred to ways and means
2023-06-08Assemblyheld for consideration in ways and means
2023-02-24Assemblyreferred to ways and means

New York State Sources


Bill Comments

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