New York policy
S2023: Creates the middle class circuit breaker tax credit and a tax reform study commission
NY Senate · Sponsor Liz Krueger
- Jurisdiction
- New York State
- Applies to
- New York State (proposed)
- Effective
- January 7, 2026
What it requires
Creates the middle class circuit breaker tax credit allowing a credit against personal income tax, equal to seventy percent of the amount by which the taxpayer's net real property tax or the taxpayer's real property tax equivalent exceeds the taxpayer's maximum real property tax; establishes a tax reform study commission.
ny-statesenatelegislationbill
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