Establishes a tax credit for same-sex couples who re-recorded their property deeds to reflect a change in status.

The Marriage Equality Deed Correction Tax Credit Act establishes a tax credit for same-sex couples who purchased residential property in New York prior to the legalization of same-sex marriage, were prohibited from recording the deed as tenants by the entirety, and who re-record the deed to reflect a change in status from tenants in common or joint tenants with right of survivorship to tenants by the entirety. The credit is limited to $500 or the allowable recording fee, whichever is less.

Establishes a tax credit for same-sex couples who re-recorded their property deeds to reflect a change in status.

The Marriage Equality Deed Correction Tax Credit Act establishes a tax credit for same-sex couples who purchased residential property in New York prior to the legalization of same-sex marriage, were prohibited from recording the deed as tenants by the entirety, and who re-record the deed to reflect a change in status from tenants in common or joint tenants with right of survivorship to tenants by the entirety. The credit is limited to $500 or the allowable recording fee, whichever is less.