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S 9259 New York Senate · 2025 Regular Session

Creates an office to residential conversion tax credit and a historic preservation rehabilitation office to residential conversion tax credit

Summary
Creates an office to residential conversion tax credit which shall be administered by the empire state development corporation; creates a historic preservation rehabilitation office to residential conversion tax credit which shall be administered by the state historic preservation office.
Issues: ✓ Budget & TaxesSupports Budget & TaxesBill creates a residential conversion tax credit, providing tax relief for property owners and historic preservation projects, aligning with tax incentive policies that advance fiscal support for specific economic activities.95% confidence ✓ HousingSupports HousingCreates tax credit offices to incentivize residential conversions, increasing housing supply through development funding mechanisms.90% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2026
Committee Review
Floor Vote
Governor
Introduced Feb 19, 2026 Last action Feb 19, 2026
Floor votes

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Full legislative history

Actions timeline

Total actions
1
Key actions
0
Committee
1
Feb 19, 2026
Committee
REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
upper
1 primary · 3 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Pat Fahy
Pat Fahy
DDemocratic
NY
46
Co
Photo of April Baskin
April Baskin
DDemocratic
NY
63
Co
Photo of Chris Ryan
Chris Ryan
DDemocratic
NY
50
Co
Photo of Leroy Comrie
Leroy Comrie
DDemocratic
NY
14