States / New York / S 2023

S 2023 In Committee

Creates the middle class circuit breaker tax credit and a tax reform study commission

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

Creates the middle class circuit breaker tax credit allowing a credit against personal income tax, equal to seventy percent of the amount by which the taxpayer's net real property tax or the taxpayer's real property tax equivalent exceeds the taxpayer's maximum real property tax; establishes a tax reform study commission.

Chamber
Senate
Introduced
Jan 15, 2025
Last action
Jan 7, 2026 — REFERRED TO BUDGET AND REVENUE
Session
2025-2026
Momentum
33 · Low