Adds certain properties to the definition of a qualified historic home for the historic homeownership rehabilitation credit

Latest action Dec 12, 2025

Adds certain properties located in a city of one million or more to the definition of a qualified historic home for the historic homeownership rehabilitation credit.

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Where it stands

Rejected by the executive.

Introduced
In committee
Up for a vote
Passed one chamber
Passed
Enacted

Vetoed

New York State Senate

Same as A5588, the matching bill in the Assembly.

Amends the Tax Law.

Committee

Budget And Revenue · New York State Senate

Also referred to Ways and Means · New York State Assembly.

Purpose, from the sponsor's memo

This bill expands the scope of the term "qualified historic home" to include residences within "qualifying census tracts" located in cities with a population greater than one million people and, therefore, subject to the Homeowner Tax Credit.

Filed with the bill. Read it on nysenate.gov (opens in a new tab)

Recorded votes

Vote: Floor vote
NY SenateMay 19, 2025Result: passed
(55) (1) (0) (6)
Vote: Committee vote · Finance
Senate FinanceApr 29, 2025Result: passed
(22) (0) (0) (0)
Vote: Committee vote · Budget And Revenue
Senate Budget And RevenueFeb 11, 2025Result: passed
(7) (0) (0) (0)

Cosponsors

Al Taylor, Brian Cunningham and 5 more on Agora

Democratic7

See the full list on nysenate.gov

The sponsor's argument

Why Zellnor Myrie says this is needed

Many New York City homeowners purchased their properties in historic districts during periods of economic distress. These homeowners contrib- uted significantly to the neighborhoods' respective development over time. Therefore, they should benefit from available tax credits like the Historic Homeownership Rehabilitation Credit to improve their homes. This bill would adjust the application credit criteria to ensure these individuals are rewarded for their investment and commitment.

This is the sponsor's own case for the bill, quoted from their memorandum. It is not Agora's description of what the bill does.

Full history

Dec 12, 2025
Vetoed
VETOED MEMO.109
NY Senate
Dec 8, 2025
Sent to the executive
DELIVERED TO GOVERNOR
NY Senate
Jun 17, 2025
Ordered to Third Reading Rules CAL.863
ORDERED TO THIRD READING RULES CAL.863
NY Assembly
Jun 17, 2025
Passed a chamber
PASSED ASSEMBLY
NY Assembly
Jun 17, 2025
Reported out of committee
REPORTED REFERRED TO RULES
NY Assembly

Show full history (10 earlier events)

Jun 17, 2025
Substituted
SUBSTITUTED FOR A5588
NY Assembly
May 19, 2025
Sent to the executive
DELIVERED TO ASSEMBLY
NY Senate
May 19, 2025
Passed a chamber
PASSED SENATE
NY Senate
May 19, 2025
Referred to committee
REFERRED TO WAYS AND MEANS
NY Assembly
May 1, 2025
Advanced to Third Reading
ADVANCED TO THIRD READING
NY Senate
Apr 30, 2025
2ND Report CAL.
2ND REPORT CAL.
NY Senate
Apr 29, 2025
1ST Report CAL.745
1ST REPORT CAL.745
NY Senate
Feb 18, 2025
Referred to committee
REFERRED TO WAYS AND MEANS
NY Assembly
Feb 11, 2025
Reported out of committee
REPORTED AND COMMITTED TO FINANCE
NY Senate
Jan 8, 2025
Referred to committee
REFERRED TO BUDGET AND REVENUE
NY Senate

About this record

Summary: The summary comes from NY Open Legislation, the New York State Senate's public record. For more, see How we handle summaries.
Cosponsors: The list shows the cosponsors who are on Agora, A to Z. The official record may list more.
Party colors: Parties are shown in the same neutral colors.
Source: From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 21, 2026. About our data

Read the record

Read on NY Senate (opens in a new tab) The official record on nysenate.gov.

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