S2023 (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 Senate bill
- Session
- 2025-26 session
- Status
- In Senate Committee
- Latest action date
- 2026-01-07
- In committee
- Budget And Revenue
- Introduced
- 2025-01-15
- Law section
- Tax Law
Sponsors
- Liz Krueger State Senator, District 28
Co-sponsors
- Jamaal T. Bailey State Senator, District 36
- John C. Liu State Senator, District 16
- Julia Salazar State Senator, District 18
Heard in committee
- Budget And Revenue NY State Senate committee