· NY legislature · 2025-2026

Creates a personal income tax credit for taxpayers who pay an excess premium paid during the applicable tax year for flood insurance providing coverage on the taxpayer's primary residence

Allows an individual taxpayer to claim a credit against their income tax for excess premium paid during the applicable tax year for flood insurance providing coverage on the taxpayer's primary residence; authorizes the commissioner of taxation and finance to promulgate any necessary rules and regulations.

Sponsor

Chris Eachus (D-NY)

Introduced

2025-01-27

Policy area

Taxation

Latest action

REFERRED TO WAYS AND MEANS