New York legislation · 2025-2026 General Assembly
New York A11678: Expands the tax exemption for first-time home buyers
Status: In committee, September 2, 2026
Expands the tax exemption levied on certain residential property for first-time home buyers by removing the requirement that such residential property be newly constructed.
What the bill says
An act to amend the real property tax law, in relation to expanding the tax exemption for first-time home buyers.
From the introduced text, September 2, 2026:
AN ACT to amend the real property tax law, in relation to expanding the tax exemption for first-time home buyers THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS: Section 1. Section 457 of the real property tax law, as added by chapter 529 of the laws of 2001, the closing paragraph of subdivision 1 and subdivision 7 as further amended by subdivision (b) of section 1 of part W of chapter 56 of the laws of 2010, paragraph (a) of subdivision 2 as amended by chapter 496 of the laws of 2003, paragraph (c) of subdivision 2 as separately amended by chapter 529 of the laws of 2001 and chapter 496 of the laws of 2003 and subdivision 5 as amended by chapter 485 of the laws of 2022, is amended to read as follows: § 457. Exemption for first-time homebuyers [of newly constructed homes]. 1. [Newly constructed primary] PRIMARY residential property purchased by one or more persons, each of whom is a first-time homebuyer and has not been married to a homeowner in the three years prior to applying for this first-time homeowners exemption, shall be exempt from taxation levied by or on behalf of any county, city, town, village or school district in which such [newly constructed] residential property …
Sponsors
- Edward Ra (R, 19) · primary sponsor
Latest actions
- : REFERRED TO REAL PROPERTY TAXATION
Subjects: Real Property Tax Law
Common questions
- What is A11678?
- A11678 is a bill in the New York Legislature (2025-2026 General Assembly): Expands the tax exemption for first-time home buyers.
- What does A11678 do?
- In its own words: An act to amend the real property tax law, in relation to expanding the tax exemption for first-time home buyers.
- What is the status of A11678?
- In committee as of September 2, 2026. Latest action: REFERRED TO REAL PROPERTY TAXATION (September 2, 2026).
- Who sponsored A11678?
- Edward Ra (R, 19).
- Where is the official record for A11678?
- On the New York Legislature website: https://www.nysenate.gov/legislation/bills/2025/A11678
Source: official New York record. Tracked by Delilah, AI for legislation across all 50 states and Congress.