Establishes a tax credit for rent paid on the personal residence of certain taxpayers
Summary
Establishes a tax credit for rent paid on the personal residence of certain taxpayers who lease the taxpayer's primary residence during the taxable year and who pay rent with respect to such residence in excess of thirty percent of such taxpayer's gross income for such taxable year.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2021
Committee Review
Floor Vote
Governor
Introduced Jan 8, 2021
Last action Jan 8, 2021
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
1
Jan 8, 2021
Committee
REFERRED TO BUDGET AND REVENUE
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
BA
Brian A. Benjamin
DDemocratic
Ask Maddy
·
AI policy assistant
Ask Maddy about S 1240
Scope: NY
Hi! I can help you understand S 1240. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline