Bill Text: NY S08876 | 2021-2022 | General Assembly | Introduced

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Bill Title: Relates to the homeowner tax rebate credit by extending the provisions to apply for tax year two thousand twenty-two and every tax year thereafter.

Spectrum: Partisan Bill (Republican 3-0)

Status: (Introduced - Dead) 2022-04-26 - REFERRED TO BUDGET AND REVENUE [S08876 Detail]

Download: New_York-2021-S08876-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          8876

                    IN SENATE

                                     April 26, 2022
                                       ___________

        Introduced  by  Sen.  WEIK  --  read twice and ordered printed, and when
          printed to be committed to the Committee on Budget and Revenue

        AN ACT to amend the tax law, in relation to  the  homeowner  tax  rebate
          credit

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Paragraph 1 of subsection (n-1) of section 606 of  the  tax
     2  law,  as  amended  by  section 1 of part BB of chapter 59 of the laws of
     3  2022, is amended to read as follows:
     4    (1) An individual taxpayer who  meets  the  eligibility  standards  in
     5  paragraph  two  of this subsection shall be allowed a credit against the
     6  taxes imposed by this article in the amount specified in paragraph three
     7  of this subsection for tax year two thousand twenty-two and thereafter.
     8    § 2. This act shall take effect immediately.







         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15463-01-2