S 850 New York 2025-2026 session
Establishes the first-time homebuyer tax credit act
Establishes the "first-time homebuyer tax credit act"; provides that a qualified taxpayer shall be allowed a credit against the taxes imposed by this article for taxes levied on the taxpayer's primary residence by or on behalf of any county, city, town, village, or school district in which such property is located.
Status
- Introduced
- Committee
- Floor vote
- Passed
- Enacted
In committee — last recorded action January 7, 2026
REFERRED TO BUDGET AND REVENUE
Recorded votes
Passage likelihood
13% Lower than most bills at this stage
This is an estimate, not a guarantee. It is computed from the signals listed below and nothing else. It does not account for leadership priorities, floor scheduling, or negotiations that are not in the public record.
What the estimate is based on
- Historical base rate About 20% of introduced state bills are enacted.
- Current stage Referred to committee.
- Cosponsors 11 cosponsors.
- Days without action No recorded action in 211 days.
State-level impact
State-level impact data is not available for this bill. The source text does not contain a per-state funding formula or scored breakdown, so no figures are shown.
Official actions
- REFERRED TO BUDGET AND REVENUE
- REPORTED AND COMMITTED TO LOCAL GOVERNMENT
- NOTICE OF COMMITTEE CONSIDERATION - REQUESTED
- REFERRED TO BUDGET AND REVENUE