S T A T E O F N E W Y O R K
________________________________________________________________________
3305
2025-2026 Regular Sessions
I N S E N A T E
January 24, 2025
___________
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] TWENTY-FIVE
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.
LBD01825-01-5