New York · 2025 Regular Session · Bill
A 7706: Grants tax credit for downpayment made on residential housing
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
A 7706 is a bill introduced in the New York House on April 8, 2025. According to its official title, it concerns: Grants tax credit for downpayment made on residential housing. Primary sponsor: Mike Fitzpatrick (Republican). It lists 3 additional sponsors. 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.
Grants credit against personal income tax to purchasers of residential housing in the amount of any downpayment made on such housing; provides that the maximum credit shall not exceed 5 percent of the purchase price of the residential housing; requires taxpayers to meet eligibility requirements imposed by the state of New York mortgage agency.
Sponsors
Sponsors by party (alphabetical): Republican 4
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Mike Fitzpatrick | Primary sponsor | Republican | House | 8 |
| Dave DiPietro | Co-sponsor | Republican | House | 147 |
| Mike Reilly | Co-sponsor | Republican | House | 62 |
| Chris Tague | Co-sponsor | Republican | House | 102 |
“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
- REFERRED TO WAYS AND MEANS