VoterBloc
A 77062025–2026 SessionIN COMMITTEEREPUBLICAN

Grants tax credit for downpayment made on residential housing

Introduced Apr 8, 2025Mike Fitzpatrick (R-NY)3 cosponsors

Summary

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 of New York mortgage agency.

Legislative Journey

  1. Introduced
  2. Committee
  3. Floor
  4. Passed Chamber 1
  5. Passed Chamber 2
  6. Signed
Apr 8, 2025

REFERRED TO WAYS AND MEANS

House
Jan 7, 2026

REFERRED TO WAYS AND MEANS

House