S 576: Establishes a manufactured housing tax credit which provides for a credit of up to two thousand dollars for each new manufactured home that the taxpayer constructed and for which a certificate of occupancy has been issued on or after January first, two thousand twenty-five and on or before December thirty-first, two thousand thirty-one.

  
  STATE OF NEW YORK ________________________________________________________________________ 576 2025-2026 Regular Sessions  IN SENATE (Prefiled) January 8, 2025 ___________ Introduced by Sens. HELMING, BORRELLO, RHOADS, ROLISON -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations AN ACT to amend the tax law, in relation to establishing a manufactured housing tax credit The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The tax law is amended by adding a new section 50 to read 2 as follows: 3 § 50. Manufactured housing tax credit. A taxpayer subject to tax under 4 article nine-A or article twenty-two of this chapter shall be allowed a 5 credit of up to two thousand dollars against such tax for each new manu- 6 factured home that the taxpayer installed and for which a certificate of 7 occupancy has been issued on or after January first, two thousand twen- 8 ty-five and on or before December thirty-first, two thousand thirty-one. 9 § 2. Section 210-B of the tax law is amended by adding a new subdivi- 10 sion 61 to read as follows: 11 61. A taxpayer shall be allowed a credit of up to two thousand dollars 12 against such tax for each new manufactured home that the taxpayer 13 installed and for which a certificate of occupancy has been issued on or 14 after January first, two thousand twenty-five and on or before December 15 thirty-first, two thousand thirty-one. 16 § 3. Section 606 of the tax law is amended by adding a new subsection 17 (bbb) to read as follows: 18 (bbb) Manufactured housing tax credit. A taxpayer shall be allowed a 19 credit of up to two thousand dollars against such tax for each new manu- 20 factured home that the taxpayer installed and for which a certificate of 21 occupancy has been issued on or after January first, two thousand twen- 22 ty-five and on or before December thirty-first, two thousand thirty-one. 23 § 4. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD01068-01-5