S5451 (2025-26 session)
NY State bill
Allows an individual taxpayer to claim a credit against their income tax for excess premium paid during the applicable tax year for flood insurance providing coverage on the taxpayer's primary residence; authorizes the commissioner of taxation and finance to promulgate any necessary rules and regulations.
- Title
- Creates a personal income tax credit for taxpayers who pay an excess premium paid during the applicable tax year for flood insurance providing coverage on the taxpayer's primary residence
- 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
- 2025-02-21
- Same as
- A3373
- Law section
- Tax Law
Sponsors
- Leroy Comrie State Senator, District 14
Heard in committee
- Budget And Revenue NY State Senate committee