· NY legislature · 2025-2026

Creates the middle class circuit breaker tax credit and a tax reform study commission

Creates the middle class circuit breaker tax credit allowing a credit against personal income tax, equal to seventy percent of the amount by which the taxpayer's net real property tax or the taxpayer's real property tax equivalent exceeds the taxpayer's maximum real property tax; establishes a tax reform study commi…

Sponsor

Alicia Hyndman (D-NY)

Introduced

2026-03-13

Policy area

Taxation

Latest action

REFERRED TO WAYS AND MEANS