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A 7507

New York Assembly bill in Session 2025-2026.

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

Creates a homeownership rehabilitation credit.

Bill ID NY-2025-2026-A-7507
Session 2025-2026
Status in_committee
Committee Ways And Means
Assembly in_committee 2026-01-07
Tax / Budget / Appropriations
Summary

Creates a homeownership rehabilitation credit; allows a taxpayer to be credited for fifteen percent of the qualified rehabilitation expenses made by such taxpayer with respect to a qualified residence against the tax imposed; defines qualified residence and qualified rehabilitation expenses.

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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