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A 11314 New York Assembly · 2025 Regular Session

Defines affordability option D under the affordable neighborhoods for New Yorkers tax incentive

Summary
Defines affordability option D under the affordable neighborhoods for New Yorkers tax incentive to include an annual adjustment to reflect the percentage increase in the consumer price index for all urban consumers published by the United States department of labor.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill adjusts a tax incentive to reflect CPI, ensuring the program remains effective and protects its fiscal intent.85% confidence ✓ HousingSupports HousingBill strengthens affordable housing by indexing tax incentives to inflation, ensuring long-term affordability.90% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
May 2026
Committee Review
Floor Vote
Governor
Introduced May 11, 2026 Last action May 11, 2026
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Total actions
1
Key actions
0
Committee
1
May 11, 2026
Committee
REFERRED TO REAL PROPERTY TAXATION
lower
0 primary · 2 co-sponsors

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