A7479 (2025-26 session)
NY State bill
Enacts the "homebuyer renovation property tax exemption act" to grant an exemption of up to fifteen thousand dollars from taxation levied by or on behalf of any county, city, town, village or school district in which such residential property is located for a period of five years from the date of purchase of the property; defines "primary residential property".
- Title
- Enacts the "homebuyer renovation property tax exemption act"
- Type
- New York State Assembly bill
- Session
- 2025-26 session
- Status
- In Assembly Committee
- Latest action date
- 2026-01-07
- In committee
- Real Property Taxation
- Introduced
- 2025-03-28
- Same as
- S852
- Law section
- Real Property Tax Law
Sponsors
- Michael Novakhov Assembly Member, District 45
Co-sponsors
- Daniel J. Norber Assembly Member, District 16
Heard in committee
- Real Property Taxation NY State Assembly committee
Same as
- S852 (2025-26 session) NY State bill