A7507 (2025-26 session)
NY State bill
Creates a homeownership rehabilitation credit; allows a taxpayer to be credited for fifteen percent of the qualified rehabilitation expenses made by such taxpayer with respect to a qualified residence against the tax imposed; defines qualified residence and qualified rehabilitation expenses.
- Title
- Creates a homeownership rehabilitation credit
- 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
- 2025-03-28
- Law section
- Tax Law
Sponsors
- Michael Novakhov Assembly Member, District 45
Co-sponsors
Heard in committee
- Ways and Means NY State Assembly committee