S 849 New York Senate · 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.

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

Governor

Introduced Jan 8, 2025 Last action Jan 21, 2026

Maddy AI version diff · 1 comparison

What changed between versions

S849 → S849A · 3 edits

MINOR

This bill was renumbered from S849 to S849-A and its legislative status was updated to reflect that it was amended, discharged from committee, and reprinted. The core policy content regarding the USDA construction tax credit remains unchanged, though the subdivision number in the tax law was changed from 61 to 63.

Scope change

The bill's substantive scope and applicability remain unchanged; only the bill number and committee status were modified.

TECHNICAL

Bill number changed from S849 to S849-A to reflect amendments and recommitment to the Committee on Budget and Revenue.

The subdivision number in the tax law was changed from 61 to 63 for the USDA construction tax credit provision.

TIMELINE

Committee status was updated to show the bill was discharged, amended, and recommitted to the Committee on Budget and Revenue.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jan 21, 2026

Upper · Passed

PRINT NUMBER 849A

upper

Jan 21, 2026

Upper · Passed

AMEND AND RECOMMIT TO BUDGET AND REVENUE

upper

Jan 7, 2026

Committee

REFERRED TO BUDGET AND REVENUE

upper

Jan 8, 2025

Committee

REFERRED TO BUDGET AND REVENUE

upper

1 primary · 1 co-sponsor