New York S00576 establishes a tax credit of up to $2,000 for each new manufactured home constructed and for which a certificate of occupancy is.

New York S00576 amends the tax law to create a manufactured housing tax credit. This credit allows taxpayers a deduction of up to $2,000 for each new manufactured home they construct and for which a certificate of occupancy is issued between January 1, 2025, and December 31, 2031. The credit applies to taxpayers subject to tax under article nine-A or article twenty-two of the tax law. The bill includes provisions to add this credit as a new section in the tax law and amends existing sections to incorporate this credit.

New York S00576 establishes a tax credit of up to $2,000 for each new manufactured home constructed and for which a certificate of occupancy is.

New York S00576 amends the tax law to create a manufactured housing tax credit. This credit allows taxpayers a deduction of up to $2,000 for each new manufactured home they construct and for which a certificate of occupancy is issued between January 1, 2025, and December 31, 2031. The credit applies to taxpayers subject to tax under article nine-A or article twenty-two of the tax law. The bill includes provisions to add this credit as a new section in the tax law and amends existing sections to incorporate this credit.