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Bill > A04253
NY A04253
NY A04253Provides 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
02/13/2023
02/13/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 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 tax law to provide a tax credit for eligible National Guard and military reserve veterans. The credit is equal to the three-quarters of one percent difference in fees charged to these veterans compared to active duty veterans under loan or loan guarantee programs administered or funded by the Federal Home Loan Mortgage Corporation. The bill defines "veteran" to include those who served during certain periods of war or received specific military medals, and specifies the credit applies to taxable years beginning on or after January 1, 2025.
Committee Categories
Budget and Finance
Sponsors (16)
Steve Hawley (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),
Phil Palmesano (R),
Robert Smullen (R),
Chris Tague (R),
Mike Tannousis (R),
Last Action
referred to ways and means (on 01/03/2024)
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/2023/A4253 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A04253&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A04253 |
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