Alters tax exemption programs for the development of new and affordable housing

Introduced

In Committee

Floor

Crossed Over

Passed

Enacted

Overview Bill text 1 History 2 Sponsors

Alters tax exemption programs for the development of new and affordable housing; defines "initial construction period" and "extended construction period"; makes related changes.

Chamber: Senate
Introduced: Feb 12, 2025
Last action: Jan 7, 2026 — REFERRED TO HOUSING, CONSTRUCTION AND COMMUNITY DEVELOPMENT
Session: 2025-2026
Momentum: 29 · Low

PASSAGE PROBABILITY

1% Unlikely

Why this number

Stage base In Committee — base rate 5%, measured from NY's completed sessions
Momentum -5 29/100 from the pace of recorded action
Time since last action -22 289 days quiet

A transparent scoring model over stage, momentum, recency, sponsorship and recorded votes — not a trained predictor. Treat it as a way to rank attention, not as a forecast.