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A03883 Summary:

BILL NOA03883
 
SAME ASSAME AS S00851
 
SPONSORFitzpatrick
 
COSPNSRFinch, McKevitt, Giglio
 
MLTSPNSRBarclay, Kolb, Thiele
 
Amd 606, Tax L
 
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.
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