What's happening
This bill creates a tax credit of up to $2,000 for each new manufactured home installed in New York from 2025 to 2031.
Why it matters
Encourages affordable housing development. by making new manufactured homes more financially attractive for builders and buyers, potentially helping to address New York’s ongoing housing shortage.
Targets both businesses and individuals. (since the credit applies to taxpayers under both corporate and personal income tax laws), broadening the potential impact and uptake of the incentive.
Provides a time-limited incentive (2025-2031),. which may spur immediate action and investment in manufactured housing during these years, possibly accelerating community development and revitalization in areas with housing needs.
Links the credit to official occupancy certification,. ensuring that only fully installed, legally habitable homes qualify—helping maintain quality and safety standards in new housing stock.
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Who cares
Manufactured-home installers
The bill would offer eligible taxpayers a credit of up to $2,000 for each new manufactured home they install that receives a certificate of occupancy from January 1, 2025, through December 31, 2031.
Corporate and individual taxpayers
Taxpayers subject to the corporate franchise tax or personal income tax could claim the credit for qualifying installations.
New York State Department of Taxation and Finance
The bill would add a manufactured housing credit to the corporate franchise tax and personal income tax provisions it administers.
Headline styles
Create Manufactured Home Tax Credit
Plain English, a few words. Used as the page title.
Sponsors
3 Co-sponsors
History
- Referred to investigations and government operations
- Referred to investigations and government operations
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
576
2025-2026 Regular Sessions
IN SENATE (Prefiled)
January 8, 2025
Introduced by Sens. HELMING, BORRELLO, RHOADS, ROLISON -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations
AN ACT to amend the tax law, in relation to establishing a manufactured housing tax credit
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. The tax law is amended by adding a new section 50 to read as follows:
§ 50. Manufactured housing tax credit. A taxpayer subject to tax under article nine-A or article twenty-two of this chapter shall be allowed a credit of up to two thousand dollars against such tax for each new manufactured home that the taxpayer installed and for which a certificate of occupancy has been issued on or after January first, two thousand twenty-five and on or before December thirty-first, two thousand thirty-one.
§ 2. Section 210-B of the tax law is amended by adding a new subdivision 61 to read as follows:
61. A taxpayer shall be allowed a credit of up to two thousand dollars against such tax for each new manufactured home that the taxpayer installed and for which a certificate of occupancy has been issued on or after January first, two thousand twenty-five and on or before December thirty-first, two thousand thirty-one.
§ 3. Section 606 of the tax law is amended by adding a new subsection (bbb) to read as follows:
(bbb) Manufactured housing tax credit. A taxpayer shall be allowed a credit of up to two thousand dollars against such tax for each new manufactured home that the taxpayer installed and for which a certificate of occupancy has been issued on or after January first, two thousand twenty-five and on or before December thirty-first, two thousand thirty-one.
§ 4. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD01068-01-5
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Sponsor's memo
Title of bill
An act to amend the tax law, in relation to establishing a manufactured housing tax credit
Purpose or general idea of bill
To provide a tax credit for individuals or businesses installing new manufactured homes.
Summary of specific provisions
Sections 1: Amends the tax law by adding a new section 50. This section establishes the manufactured housing tax credit. The credit will be worth up to two thousand dollars for each new manufactured home installed for which a certificate of occupancy has been issued between 1/1/2025 and 12/31/2031and can be applied against a business's corpo- ration tax or an individual's personal income tax.
Section 2: Section 210-b of the tax law is amended by adding a new subdivision 61. This subdivision establishes that a taxpayer will be allowed a credit of up to two thousand dollars for each new manufactured home installed for which a certificate of occupancy has been issued between 1/1/2025 and 12/31/2031.
Section 3: Section 606of the tax law is amended by adding a new subsection (bbb). This subsection establishes that a taxpayer will be allowed a credit of up to two thousand dollars for each new manufactured home installed for which a certificate of occupancy has been issued between 1/1/2025 and 12/31/2031.
Section 4: Provides an immediate effective date.
Justification
Manufactured homes provide some of the most affordable opportunities for homeownership in New York, particularly in our rural communities. These homes can play a pivotal role in addressing the state's housing crisis and alleviating the shortage of affordable, attainable housing in New York.
According to a Rural Housing Coalition report issued in June 2023, there are 192,890 manufactured housing units in New York State, making up 2.4% of the state's total housing stock. In rural areas, that percentage jumps to 10.3% of housing stock, or more than 100,000 manufactured hous- ing units.
Manufactured homes are a much more affordable alternative to traditional homes. In 2022, the average sale price of a manufactured home in New York State was $122,100. In the same year, the average sales price of a traditional home in New York was $523,111.
Given the current lack of affordable housing options in New York State, especially in rural areas, New York State should take steps to incentiv- ize an increase in manufactured home installation and the expansion of our manufactured home communities. This legislation would provide a tax credit of $2,000, applicable to corporation or personal income tax, for individuals and businesses that install a new manufactured home for which a certificate of occupancy is issued. This will incentivize individuals and businesses to install more manufactured homes to meet the demand for affordable housing and allow more New Yorkers to achieve homeownership. It will also provide an incentive for manufactured home community owners to replace dilapidated or outdated homes with new, higher quality options.
Prior legislative history
2023-2024: S.8458 referred to Investigations and Government Operations
Fiscal implications
To be determined.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.