· NY legislature · 2025-2026

Grants tax credit for downpayment made on residential housing

Grants credit against personal income tax to purchasers of residential housing in the amount of any downpayment made on such housing; provides that the maximum credit shall not exceed 5 percent of the purchase price of the residential housing; requires taxpayers to meet eligibility requirements imposed by the state…

Sponsor

Mike Fitzpatrick (R-NY)

Introduced

2025-04-08

Policy area

Housing and Community Development

Latest action

REFERRED TO WAYS AND MEANS