New York · 2025 Regular Session · Bill
S 2023: Creates the middle class circuit breaker tax credit and a tax reform study commission
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
S 2023 is a bill introduced in the New York Senate on January 15, 2025. According to its official title, it concerns: Creates the middle class circuit breaker tax credit and a tax reform study commission. Primary sponsor: Liz Krueger (Democratic/Working Families). It lists 3 additional sponsors. Most recent recorded action (January 7, 2026): REFERRED TO BUDGET AND REVENUE.
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.
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.
Sponsors
Sponsors by party (alphabetical): Democratic 1 · Democratic/Working Families 3
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Liz Krueger | Primary sponsor | Democratic/Working Families | Senate | 28 |
| Jamaal Bailey | Co-sponsor | Democratic/Working Families | Senate | 36 |
| John Liu | Co-sponsor | Democratic | Senate | 16 |
| Julia Salazar | Co-sponsor | Democratic/Working Families | Senate | 18 |
“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 BUDGET AND REVENUE
- REFERRED TO BUDGET AND REVENUE