* 1251. Purposes. The purposes of the program shall be to authorize the establishment of first home savings accounts and to provide guidelines for the maintenance of such accounts to:
1. enable residents of this state to benefit from the tax incentive provided for qualified state first home savings accounts under section six hundred twelve of the tax law; and
2. incentivize residents to save for the purchase of a first home within the state.
* NB Effective June 16, 2018
Last modified: February 3, 2019