New York · 2025 Regular Session · Bill
A 7525: Establishes the first-time homebuyer tax credit act
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
A 7525 is a bill introduced in the New York House on April 1, 2025. According to its official title, it concerns: Establishes the first-time homebuyer tax credit act. Primary sponsor: Mike Fitzpatrick (Republican). Most recent recorded action (January 7, 2026): REFERRED TO WAYS AND MEANS.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Establishes the "first-time homebuyer tax credit act"; provides that a qualified taxpayer shall be allowed a credit against the taxes imposed by this article for taxes levied on the taxpayer's primary residence by or on behalf of any county, city, town, village, or school district in which such property is located.
Sponsors
Sponsors by party (alphabetical): Republican 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Mike Fitzpatrick | Primary sponsor | Republican | House | 8 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- REFERRED TO WAYS AND MEANS
- HELD FOR CONSIDERATION IN WAYS AND MEANS
- REFERRED TO WAYS AND MEANS