S 1244 New York Senate · 2023 Regular Session

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

Summary
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.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2023
Committee Review
Floor Vote
Governor
Introduced Jan 11, 2023 Last action Jan 3, 2024
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Full legislative history

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Total actions
2
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0
Committee
2
Jan 3, 2024
Senate · Referred to committee
REFERRED TO BUDGET AND REVENUE
Jan 11, 2023
Senate · Referred to committee
REFERRED TO BUDGET AND REVENUE
1 primary · 3 co-sponsors

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