S03305 Summary:
| BILL NO | S03305 |
| SAME AS | No Same As |
| SPONSOR | WEIK |
| COSPNSR | CANZONERI-FITZPATRICK |
| MLTSPNSR | |
| Amd §606, Tax L | |
| Relates to the homeowner tax rebate credit by extending the provisions to apply for tax year two thousand twenty-five and every tax year thereafter. | |
S03305 Text:
Go to topSTATE OF NEW YORK ________________________________________________________________________ 3305 2025-2026 Regular Sessions IN SENATE January 24, 2025 ___________ Introduced by Sen. WEIK -- read twice and ordered printed, and when printed to be committed to the Committee on Budget and Revenue AN ACT to amend the tax law, in relation to the homeowner tax rebate credit The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph 1 of subsection (n-1) of section 606 of the tax 2 law, as amended by section 1 of part BB of chapter 59 of the laws of 3 2022, is amended to read as follows: 4 (1) An individual taxpayer who meets the eligibility standards in 5 paragraph two of this subsection shall be allowed a credit against the 6 taxes imposed by this article in the amount specified in paragraph three 7 of this subsection for tax year two thousand [twenty-two] twenty-five 8 and thereafter. 9 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD01825-01-5