A2709 (2025-26 session)

NY State bill

Excludes certain owners of single family residential rental properties who own more than one single family residential rental property from being eligible for credits for interest payments and depreciation for such rental properties; provides exceptions for qualified nonprofit organization; defines terms; grants the commissioner of taxation and finance the authority to make rules and regulations pertaining to carrying out such provisions and preventing avoidance of compliance with such provisions.

Title
Excludes certain owners of single family residential rental properties from being eligible for credits for interest payments and depreciation for such rental properties
Type
New York State Assembly bill
Session
2025-26 session
Status
In Assembly Committee
Latest action date
2026-01-07
In committee
Ways And Means
Introduced
2025-01-22
Law section
Tax Law

Sponsors

Heard in committee

Sources