Establishes a home heating tax credit for qualified taxpayers with an income of $125,000 or less for single filers, or with a combined income of.
New York S01479 creates a home heating tax credit for qualified taxpayers. Single filers with an income of $125,000 or less receive a $300 credit, while joint filers with a combined income of $250,000 or less receive a $600 credit. The credit applies to the 2024 taxable year and expires on December 31, 2025.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.