Enacts the "Lead Free Homes Act"; requires the department of health to promulgate standards for lead remediation and abatement of exemption; provides tax credits to class A multiple dwelling owners who undertake a successful lead remediation or abatement; requires lead testing on drinking water prior to the sale of residential property; requires owners of class A multiple dwellings to perform lead testing and provides for fines for violations.

The 'Lead Free Homes Act' aims to reduce lead exposure in residential properties by establishing health department standards for lead removal and providing tax credits to landlords who successfully address lead issues. It mandates lead testing for drinking water before selling homes and requires owners of certain apartment buildings to conduct lead testing, with penalties for non-compliance.

Supporters of the 'Lead Free Homes Act' would highlight its proactive approach to ensuring safer living environments for families, particularly children who are most vulnerable to lead poisoning. By incentivizing property owners to remediate lead hazards and requiring testing, the bill promotes public health and safety in New York's housing.

Critics of the 'Lead Free Homes Act' might argue that the new regulations could impose significant financial burdens on property owners, particularly small landlords who may struggle to afford the costs of compliance. They may also express concerns about the potential for bureaucratic red tape and the effectiveness of the proposed tax credits in encouraging lead remediation.