NY S04906 | 2019-2020 | General Assembly

Status

Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on March 29 2019 - 25% progression
Action: 2019-03-29 - REFERRED TO BUDGET AND REVENUE
Pending: Senate Budget and Revenue Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Establishes a credit against income tax for the rehabilitation of distressed residential properties; allows a credit equal to thirty percent of the qualified rehabilitation expenditures made by the taxpayer with respect to a qualified distressed residential property; requires property that qualifies must be constructed prior to January 1, 1962 in a distressed residential or mixed-use neighborhood.

Tracking Information

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Title

Establishes a credit against income tax for the rehabilitation of distressed residential properties; allows a credit equal to thirty percent of the qualified rehabilitation expenditures made by the taxpayer with respect to a qualified distressed residential property; requires property that qualifies must be constructed prior to January 1, 1962 in a distressed residential or mixed-use neighborhood.

Sponsors


History

DateChamberAction
2019-03-29SenateREFERRED TO BUDGET AND REVENUE

New York State Sources


Bill Comments

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