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A 7479

New York Assembly bill in Session 2025-2026.

Status: in_committee. Latest action: January 7, 2026.

Enacts the "homebuyer renovation property tax exemption act".

Bill ID NY-2025-2026-A-7479
Session 2025-2026
Status in_committee
Committee Real Property Taxation
Assembly in_committee 2026-01-07
Summary

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".

Sponsor
Michael Novakhov
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-03-28 Introduced Bill introduced
2026-01-07 Status in_committee
2026-01-07 Latest Action In Assembly Committee
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