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A 9696 New York Assembly · 2025 Regular Session

Establishes the USDA construction tax credit

Summary
Establishes the USDA construction tax credit for a percentage of the profit on any newly constructed home that is sold to someone qualifying with a USDA mortgage.
Issues: ✓ Budget & TaxesSupports Budget & TaxesTax credit reduces taxes for builders selling USDA-qualified homes, providing tax relief for lower-income housing access, aligning with support indicators.95% confidence ✓ HousingSupports HousingTax credit incentivizes new construction for USDA mortgage qualifiers (low-income buyers), advancing affordable housing development through financial support for developers.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 21, 2026 Last action Jan 21, 2026
Floor votes

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Full legislative history

Actions timeline

Total actions
1
Key actions
0
Committee
1
Jan 21, 2026
Committee
REFERRED TO WAYS AND MEANS
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Michael Cashman
Michael Cashman
DDemocratic
NY
115