Bill > A02174

This bill provides a tax credit for National Guard and reserve veterans in New York equal to three-quarters of one percent of the difference between the fees charged to them and the fees charged to active duty veterans for loans or loan guarantees administered or funded by the Federal Home Loan Mortgage Corporation. The bill defines a "veteran" as someone who served in the active military during a period of war or received certain expeditionary medals, and was discharged under honorable conditions. The tax credit would apply to taxable years beginning on or after January 1, 2021.