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S02047 Summary:
| BILL NO | S02047 |
| SAME AS | SAME AS A03316 |
| SPONSOR | YOUNG |
| COSPNSR | |
| MLTSPNSR | |
| Amd S606, Tax L | |
| Grants credit against personal income tax to purchasers of residential housing in the amount of any down payment 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. | |