Assembly bill · A10575 (2025-26)
Creates the middle class circuit breaker tax credit and a tax reform study commission
New York State Assembly
Sponsor: Alicia Hyndman (Assembly Member, District 29, Democratic)
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From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 21, 2026. About our data
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.
Summary from NY Open Legislation. How we handle summaries
Amends the Tax Law.
Where it stands
Assigned to a committee for review.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
Ways and Means · New York State Assembly
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Full history
- Mar 13, 2026
Referred to committee
REFERRED TO WAYS AND MEANS
NY Assembly
Read the record
- Read on NY Senate (opens in a new tab) The official record on nysenate.gov.