Alters the definition of a qualified historic home for the purposes of the historic homeownership rehabilitation credit

Summary

The bill revises New York’s tax code definition of a “qualified historic home” used for the historic homeownership rehabilitation credit. It adds three new location‑based criteria—targeted area residences, homes in census tracts at or below 100 % of the state median family income, or homes in cities under one million people with poverty rates above 15 %. This broadens eligibility to owners in economically distressed neighborhoods.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share