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Senate Bill S8876

2021-2022 Legislative Session

Relates to the homeowner tax rebate credit

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Archive: Last Bill Status - In Senate Committee Budget And Revenue Committee

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2021-S8876 (ACTIVE) - Details

Current Committee:
Senate Budget And Revenue
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:
2023-2024: S3495
2025-2026: S3305

2021-S8876 (ACTIVE) - Summary

Relates to the homeowner tax rebate credit by extending the provisions to apply for tax year two thousand twenty-two and every tax year thereafter.

2021-S8876 (ACTIVE) - Sponsor Memo

2021-S8876 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8876
 
                             I N  S E N A T E
 
                              April 26, 2022
                                ___________
 
 Introduced  by  Sen.  WEIK  --  read twice and ordered printed, and when
   printed to be committed to the Committee on Budget and Revenue
 
 AN ACT to amend the tax law, in relation to  the  homeowner  tax  rebate
   credit
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Paragraph 1 of subsection (n-1) of section 606 of  the  tax
 law,  as  amended  by  section 1 of part BB of chapter 59 of the laws of
 2022, is amended to read as follows:
   (1) An individual taxpayer who  meets  the  eligibility  standards  in
 paragraph  two  of this subsection shall be allowed a credit against the
 taxes imposed by this article in the amount specified in paragraph three
 of this subsection for tax year two thousand twenty-two AND THEREAFTER.
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD15463-01-2

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