Bill > S00576

This bill establishes a manufactured housing tax credit that provides a financial incentive for taxpayers who construct and install new manufactured homes in New York State. Specifically, the bill allows taxpayers under various tax articles (including corporate and personal income tax) to claim a tax credit of up to $2,000 for each new manufactured home that receives a certificate of occupancy between January 1, 2025, and December 31, 2031. A manufactured home is typically a prefabricated dwelling built in a factory and transported to a site for installation, which can provide an affordable housing option. The tax credit is designed to encourage the development and installation of new manufactured homes during this six-year period by offering a financial benefit to taxpayers who invest in this type of housing. The bill amends multiple sections of the tax law to implement this credit across different tax classifications, ensuring that various types of taxpayers can benefit from the incentive.

Government Affairs

https://www.nysenate.gov/legislation/bills/2025/S576