Provides a tax credit for certain fees charged in connection with loans under the federal home loan guarantee program to national guard and reserve.

New York Assembly Bill A02337 amends the tax law to provide a tax credit for certain fees charged in connection with loans under the federal home loan guarantee program. The credit is equal to three-quarters of the one percent difference between fees charged to veterans of the national guard or armed forces reserves and the same fees charged to eligible active duty veterans. Eligible taxpayers must be veterans of the New York national guard or military reserve. The bill applies to taxable years beginning on and after January 1, 2027.

Provides a tax credit for certain fees charged in connection with loans under the federal home loan guarantee program to national guard and reserve.

New York Assembly Bill A02337 amends the tax law to provide a tax credit for certain fees charged in connection with loans under the federal home loan guarantee program. The credit is equal to three-quarters of the one percent difference between fees charged to veterans of the national guard or armed forces reserves and the same fees charged to eligible active duty veterans. Eligible taxpayers must be veterans of the New York national guard or military reserve. The bill applies to taxable years beginning on and after January 1, 2027.