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A06124 Summary:

BILL NOA06124
 
SAME ASSAME AS S04858
 
SPONSORFitzpatrick (MS)
 
COSPNSRTague, Blankenbush, DiPietro, Giglio, Finch, Salka, Morinello
 
MLTSPNSRBarclay, DeStefano, Hawley, Kolb, Manktelow, 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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