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New York · 2025 Regular Session · Bill

S 4024: Creates the New York state home ownership savings plan and creating a property tax exemption related thereto

In committee Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

S 4024 is a bill introduced in the New York Senate on January 31, 2025. According to its official title, it concerns: Creates the New York state home ownership savings plan and creating a property tax exemption related thereto. Primary sponsor: Kevin Parker (Democratic/Working Families). Most recent recorded action (January 7, 2026): REFERRED TO FINANCE.

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 New York state home ownership savings plan; creates a property tax exemption related thereto; creates exemptions for properties purchased in target areas with a New York state home ownership savings plan.

Sponsors

Sponsors by party (alphabetical): Democratic/Working Families 1

NameRolePartyChamberDistrict
Kevin ParkerPrimary sponsorDemocratic/Working FamiliesSenate21

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. REFERRED TO FINANCE
  2. REFERRED TO FINANCE

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source