A3009 (2025-26 session)

NY State bill

Enacts into law major components of legislation which are necessary to implement the state fiscal plan for the 2025-2026 state fiscal year; relates to establishing an inflation refund credit (Part A); provides for a middle-class tax cut; extends the temporary personal income tax high income surcharge (Part B); enhances the empire state child credit for three years (Part C); relates to the eligibility for the New York state low income housing tax credit program; increases the aggregate amount of the allocable tax credit (Part D); relates to tax credits for the rehabilitation of historic properties (Part E); establishes a 90-day waiting period for the purchase of residential real property by certain purchasers (Subpart A); provides for depreciation and interest deduction adjustments for properties owned by institutional investors in residential properties (Subpart B); requires the secretary of state to provide public notice of real property solicitation cease and desist zones (Subpart C)(Part F); relates to the excelsior jobs program; establishes the semiconductor research and development program; establishes tax credits for participation in such program; establishes the

Title
Enacts into law major components of legislation which are necessary to implement the state fiscal plan for the 2025-2026 state fiscal year
Type
New York State Assembly bill
Session
2025-26 session
Status
Signed by Governor
Latest action date
2025-05-09
Introduced
2025-01-22
Active version
A3009C
Same as
S3009
Law section
Budget Bills

Heard in committee

Same as

Substituted for

Sources