Bill > S04026

This bill creates a new tax credit for disabled persons who make qualifying home modifications to improve accessibility. Starting in the 2026 tax year, homeowners can receive a tax credit equal to 30% of the cost of specific home improvements, up to a lifetime maximum of $5,000 per dwelling. Qualified improvements include installing no-step entrances, widening interior doors to at least 32 inches, adding reinforcements in bathroom walls for grab bars, and repositioning light switches and outlets to be more accessible to disabled persons. The credit applies only to a taxpayer's primary residence and is subject to an annual statewide cap of $1 million, with credits allocated on a first-come, first-served basis. If the credit amount exceeds the taxpayer's tax liability in a given year, the excess can be carried forward to future years. The bill includes provisions to prorate the credit for partial-year occupancy and to handle situations where a dwelling is owned by multiple people. Taxpayers must provide documentation to the tax commissioner to claim the credit, and the improvements cannot be made to properties owned solely for commercial purposes.

Budget and Finance

https://www.nysenate.gov/legislation/bills/2025/S4026