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S 4267 New York Senate · 2025 Regular Session

Establishes the historic preservation tax credit transfer program

Summary
Establishes the historic preservation tax credit transfer program to provide flexibility and incentives for businesses which rehabilitate historic properties to further promote the development of affordable housing.
Issues: ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit transfer program for historic property rehab, providing tax relief incentives to businesses promoting affordable housing development through fiscal policy.95% confidence ✓ HousingSupports HousingBill establishes tax credit for rehabilitating historic properties to promote affordable housing development, directly advancing housing goals.95% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 3, 2025 Last action Apr 27, 2026
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
3
Key actions
0
Committee
2
Jan 7, 2026
Committee
REFERRED TO BUDGET AND REVENUE
upper
Feb 3, 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