· NY legislature · 2025-2026

Creates a homeownership rehabilitation credit

Creates a homeownership rehabilitation credit; allows a taxpayer to be credited for fifteen percent of the qualified rehabilitation expenses made by such taxpayer with respect to a qualified residence against the tax imposed; defines qualified residence and qualified rehabilitation expenses.

Sponsor

Misha Novakhov (R-NY)

Introduced

2025-03-28

Policy area

Taxation

Latest action

REFERRED TO WAYS AND MEANS