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Bill > A06288
NY A06288
NY A06288Provides a tax credit in the amount of certain fees charged in connection with loans under the federal home loan guarantee program to national guard and reserve veterans.
summary
Introduced
03/12/2021
03/12/2021
In Committee
01/05/2022
01/05/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to providing a tax credit in the amount of certain fees charged in connection with loans under the federal home loan guarantee program to national guard and reserve veterans
AI Summary
This bill amends the New York state tax law to provide a tax credit for national guard and reserve veterans equal to the 0.75% difference in fees charged by the Federal Home Loan Mortgage Corporation between those veterans and active duty veterans under the federal home loan guarantee program. The bill defines "veteran" and "service during time of war" for the purposes of eligibility, and the credit will apply to taxable years starting January 1, 2023 and thereafter.
Committee Categories
Budget and Finance
Sponsors (19)
Steve Hawley (R)*,
Jake Ashby (R),
Will Barclay (R),
Karl Brabenec (R),
Marjorie Byrnes (R),
Joe DeStefano (R),
Dave DiPietro (R),
Michael Durso (R),
Jeff Gallahan (R),
Brian Manktelow (R),
Dave McDonough (R),
John Mikulin (R),
Brian Miller (R),
Michael Montesano (R),
Phil Palmesano (R),
John Salka (R),
Robert Smullen (R),
Chris Tague (R),
Mike Tannousis (R),
Last Action
held for consideration in ways and means (on 06/01/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/A6288 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A06288&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A06288 |
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