 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          3305
 
                               2025-2026 Regular Sessions
 
                    IN SENATE
 
                                    January 24, 2025
                                       ___________
 
        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]  twenty-five
     8  and thereafter.
     9    § 2. This act shall take effect immediately.
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD01825-01-5
Relates to the homeowner tax rebate credit

What's Happening

Why It Matters
