New York 2025 Session Status: Introduced

A11602 — Relates to the tangible property credit component of the brownfield redevelopment tax credit

Last action — In Assembly Committee

  1. 1
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Assembly
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill has been introduced in the Assembly. Introduced June 05, 2026. It must pass committee before a floor vote.

Next likely step: a committee referral and hearing.

Odds of enactment

Low chance

Based on the sponsor, cosponsors, and committee posture, this bill has a low chance of becoming law.

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A statistical estimate from our own model of past outcomes — an insight, not a guarantee. Policymaking is volatile.

Prognosis

Not enough signal yet

Not enough signal yet to read this bill's trajectory — we surface a likelihood only once there's real movement (stage, sponsorship, committee, or votes) to point to.

Based on stage, sponsorship breadth, committee status, recorded votes, and cross-state momentum — a description of the observable signals, not a prediction.

In plain language

The bill extends a tax credit for brownfield redevelopment projects with specific open space and affordable housing requirements.

This legislation prolongs the tangible property credit for certain qualified brownfield sites that feature at least 40% open space and 25% affordable housing units. The goal is to encourage redevelopment while promoting environmental and community benefits.

What this means for you
  • Small Business: This may provide tax incentives for small businesses involved in redevelopment projects on qualified brownfield sites.

Summary

Extends the tangible property credit component of the brownfield redevelopment tax credit for certain qualified sites which contain 40% open space and 25% affordable housing units.

Bill Text

Action History

  1. REFERRED TO WAYS AND MEANS

Sponsors

Sponsorship breakdown

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1 sponsors · 0 co-sponsors · 218 not signed on

Sponsors (1)

Co-sponsors (0)

None.

Not signed on (218)

218 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation housing environment
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Frequently asked questions

What does A11602 do?
Extends the tangible property credit component of the brownfield redevelopment tax credit for certain qualified sites which contain 40% open space and 25% affordable housing units.
Who sponsors A11602?
A11602 is sponsored by Diana Moreno.
What is the current status of A11602?
This bill has been introduced in the Assembly. Introduced June 05, 2026. It must pass committee before a floor vote.
Where can I track A11602?
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Last checked for changes 3 months ago · updated continuously

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