New York S03420 provides a tax credit for national guard and reserve veterans for certain fees charged in connection with federal home loan guarantee.
New York S03420 amends the tax law to provide a tax credit for national guard and reserve veterans for certain fees charged in connection with loans under the federal home loan guarantee program. This credit is equal to the three-quarters of 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. The credit applies to taxable years beginning on and after January 1, 2027.
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