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S 2124 New York Senate · 2025 Regular Session

Authorizes the pass-through or transfer of the credits for rehabilitation of historic properties

Summary
Authorizes the pass-through or transfer of the credits for rehabilitation of historic properties; authorizes the allocation of the credit in a separate manner from any federal certified historic tax credit.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill authorizes tax credit transfers for historic property rehabilitation, enabling tax incentives under fiscal management. Directly addresses tax policy through credit allocation.95% confidence
Bill status died 3 of 5 stages cleared
Introduction
Jan 2025
Committee Review
Jan 2026
Senate Passage
Feb 2025
Assembly Passage
Governor
Introduced Jan 15, 2025 Last action Apr 27, 2026
Floor votes · Senate Feb 4, 2025

How they voted

60–1
Passed · 2 other
Total votes 63
Feb 4, 2025
D Democratic41
39 Yea 2
95% Yea
R Republican22
21 Yea 1 Nay
95% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
10
Key actions
1
Committee
4
Jan 7, 2026
Committee
REFERRED TO BUDGET AND REVENUE
upper
Feb 4, 2025
Committee
REFERRED TO WAYS AND MEANS
lower
Feb 4, 2025
Upper · Passed
PASSED SENATE
upper
Jan 27, 2025
Committee
COMMITTEE DISCHARGED AND COMMITTED TO RULES
upper
Jan 15, 2025
Committee
REFERRED TO BUDGET AND REVENUE
upper
1 primary · 2 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Brian Kavanagh
Brian Kavanagh
DDemocratic
NY
27
Co
Photo of Jose Serrano
Jose Serrano
DDemocratic/Working Families
NY
29
Co
Photo of Rachel May
Rachel May
DDemocratic/Working Families
NY
48