Assembly BillIntroduced
A 7526: Alters the definition of a qualified historic home for the purposes of the historic homeownership rehabilitation credit.
What A 7526 does, verified January 10, 2026
The bill aims to amend the tax law to provide a historic homeownership rehabilitation credit. A "qualified historic home" is defined as a certified historic structure that has been substantially rehabilitated and is owned or partially owned by the taxpayer. The taxpayer must reside in the property during the taxable year to be eligible for the credit. Additionally, the property must be located in a targeted area, a census tract with a low median family income, or a city with a high poverty rate. The bill takes effect immediately.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: referred to ways and means (2026-01-07)Alert me
Quick answers about A 7526
- What is the current status of A 7526?
- As of January 10, 2026, A 7526 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on January 7, 2026, was "referred to ways and means".
- Did A 7526 pass?
- Not yet. A 7526 has been introduced and has not passed either house.
- Who wrote A 7526, and where is it now?
- A 7526 was authored by Asm. Michael Fitzpatrick with 5 coauthors. Its committee of record is Assembly Ways & Means.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| Jan. 07, 2026 | referred to ways and means |
| Apr. 01, 2025 | referred to ways and means |
Latest bill textIntroduced version, April 1, 2025 · 372 words
STATE OF NEW YORK ________________________________________________________________________ 7526 2025-2026 Regular Sessions IN ASSEMBLY April 1, 2025 ___________ Introduced by M. of A. FITZPATRICK, BLANKENBUSH, GIGLIO, MIKULIN, MORI- NELLO, TAGUE -- Multi-Sponsored by -- M. of A. BARCLAY, DeSTEFANO, HAWLEY, MANKTELOW, McDONOUGH -- read once and referred to the Commit- tee on Ways and Means AN ACT to amend the tax law, in relation to the definition of qualified historic home for the purposes of the historic homeownership rehabili- tation credit The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subparagraph (A) of paragraph 5 of subsection (pp) of 2 section 606 of the tax law, as added by chapter 547 of the laws of 2006, 3 clause (iv) as amended by section 3-a of part U of 59 of the laws of 4 2019, is amended to read as follows: 5 (A) The term "qualified historic home" means, for purposes of this 6 subsection, a certified historic structure located within New York 7 state: 8 (i) which has been substantially rehabilitated, 9 (ii) which, or any portion of which, is owned, in whole or part, by 10 the taxpayer, and 11 (iii) in which the taxpayer resides during the taxable year in which 12 the taxpayer is allowed a credit under this subsection[, and13(iv) (1) which is in whole or in part a targeted area residence within14the meaning of section 143(j) of the internal revenue code; or (2) is15located within a census tract which is identified as being at or below16one hundred percent of the state median family income in the most recent17federal census; or (3) which is located in a city with a population of18less than one million with a poverty rate greater than fifteen percent,19rounded to the nearest whole number, in the most recent five year esti-20mate from the American community survey published by the United States21census bureau]. 22 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD04292-01-5
Text of A 7526 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions