A10575 (2025-26 session)
NY State bill
Creates the middle class circuit breaker tax credit allowing a credit against personal income tax, equal to seventy percent of the amount by which the taxpayer's net real property tax or the taxpayer's real property tax equivalent exceeds the taxpayer's maximum real property tax; establishes a tax reform study commission.
- Title
- Creates the middle class circuit breaker tax credit and a tax reform study commission
- Type
- New York State Assembly bill
- Session
- 2025-26 session
- Status
- In Assembly Committee
- Latest action date
- 2026-03-13
- In committee
- Ways And Means
- Introduced
- 2026-03-13
- Law section
- Tax Law
Sponsors
- Alicia Hyndman Assembly Member, District 29
Heard in committee
- Ways and Means NY State Assembly committee