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NY S09194
Bill
Status
Introduced
2/12/2026
Primary Sponsor
Zellnor Myrie
Click for details
AI Summary
- Expands New York's historic homeownership rehabilitation tax credit to include properties in cities with populations over one million (specifically New York City)
- Qualifying properties in these large cities must be located in a census tract that was designated as qualifying as of January 1, 2017
- Property owners must have owned the home since January 1, 2010 to be eligible under the new provision
- Takes effect immediately and applies to tax years beginning on or after January 1, 2027
- Introduced by Senator Myrie and referred to the Senate Committee on Budget and Revenue
Legislative Description
Adds certain properties located in a city of one million or more to the definition of a qualified historic home for the historic homeownership rehabilitation credit.
Last Action
REFERRED TO BUDGET AND REVENUE
2/12/2026
Committee Referrals
Budget and Revenue2/12/2026
Full Bill Text
No bill text available