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S 852 NY

Enacts the "homebuyer renovation property tax exemption act"

NY · session 2025-2026 · Senate · bill

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Introduced Jan 8, 2025

Latest action (Apr 20, 2026) REPORTED AND COMMITTED TO FINANCE

Summary

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".

Sponsor (1)

9 coauthors / cosponsors

Action history (4)

  1. Jan 8, 2025 REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT · upper
  2. Mar 3, 2025 REPORTED AND COMMITTED TO FINANCE · upper
  3. Jan 7, 2026 REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT · upper
  4. Apr 20, 2026 REPORTED AND COMMITTED TO FINANCE · upper

Text versions (2)

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

  • S852 · HTML
  • S852 · PDF

Full text

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