Sign Up
A 4241 New York Assembly · 2025 Regular Session

Establishes the USDA construction tax credit

Summary
Establishes the USDA construction tax credit for a percentage of the profit on any newly constructed home that is sold to someone qualifying with a USDA mortgage.
Issues: ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit for USDA mortgage home buyers, providing tax relief to lower-income households, aligning with support indicators for tax relief.95% confidence ✓ HousingSupports HousingTax credit incentivizes construction of USDA mortgage-eligible homes, increasing affordable housing supply for low-income buyers.90% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2025
Committee Review
Floor Vote
Governor
Introduced Jan 31, 2025 Last action Sep 8, 2025
Floor votes

How they voted

No floor votes recorded yet.
Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
1
Jan 31, 2025
Committee
REFERRED TO WAYS AND MEANS
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Billy Jones
Billy Jones
DDemocratic
NY
115