New York Assembly bill in Session 2025-2026.
Status: in_committee. Latest action: January 7, 2026.
Enacts the "homebuyer renovation property tax exemption act".
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".
| Date | Event | Detail |
|---|---|---|
| 2025-03-28 | Introduced | Bill introduced |
| 2026-01-07 | Status | in_committee |
| 2026-01-07 | Latest Action | In Assembly Committee |