Skip to main content
Independent and nonpartisan. SaveYourState is a civic information resource. It is not a government website and is not affiliated with any government agency, party, or campaign.

New York · 2025 Regular Session · Bill

S 850: Establishes the first-time homebuyer tax credit act

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 850 is a bill introduced in the New York Senate on January 8, 2025. According to its official title, it concerns: Establishes the first-time homebuyer tax credit act. Primary sponsor: Pam Helming (Republican/Conservative). It lists 12 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.

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 2 · Republican/Conservative 11

NameRolePartyChamberDistrict
Pam HelmingPrimary sponsorRepublican/ConservativeSenate54
George BorrelloCo-sponsorRepublican/ConservativeSenate57
Patricia Canzoneri-FitzpatrickCo-sponsorRepublican/ConservativeSenate9
Steve ChanCo-sponsorRepublican/ConservativeSenate17
Patrick GallivanCo-sponsorRepublican/ConservativeSenate60
Joe GriffoCo-sponsorRepublican/ConservativeSenate53
Mario MatteraCo-sponsorRepublican/ConservativeSenate2
Dean MurrayCo-sponsorRepublican/ConservativeSenate3
Tony PalumboCo-sponsorRepublicanSenate1
Steve RhoadsCo-sponsorRepublican/ConservativeSenate5
Rob RolisonCo-sponsorRepublicanSenate39
Bill WeberCo-sponsorRepublican/ConservativeSenate38
Alexis WeikCo-sponsorRepublican/ConservativeSenate8

“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 BUDGET AND REVENUE
  2. REPORTED AND COMMITTED TO LOCAL GOVERNMENT
  3. NOTICE OF COMMITTEE CONSIDERATION - REQUESTED
  4. REFERRED TO BUDGET AND REVENUE

Sources

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