Roll Call: NY S02643 | 2017-2018 | General Assembly
For additional roll call votes on New York S02643 please see the Vote List
Bill Title: Establishes a credit against income tax for the rehabilitation of distressed commercial properties; allows for 30% of the qualified rehabilitation expenditures up to $100,000; requires that to be eligible, the commercial property is located within a distressed commercial area, as identified by each locality through local law, that is deemed an area in need of community renewal due to dilapidation and vacancies; provides that the property which has been substantially rehabilitated is where the qualified rehabilitation expenditures in relation to such building total ten thousand dollars or more.
Spectrum: Moderate Partisan Bill (Republican 5-1)
Status: (Engrossed - Dead) 2018-06-20 - COMMITTED TO RULES [S02643 Detail]
Text: Latest bill text (Amended) [HTML]
Bill Title: Establishes a credit against income tax for the rehabilitation of distressed commercial properties; allows for 30% of the qualified rehabilitation expenditures up to $100,000; requires that to be eligible, the commercial property is located within a distressed commercial area, as identified by each locality through local law, that is deemed an area in need of community renewal due to dilapidation and vacancies; provides that the property which has been substantially rehabilitated is where the qualified rehabilitation expenditures in relation to such building total ten thousand dollars or more.
Spectrum: Moderate Partisan Bill (Republican 5-1)
Status: (Engrossed - Dead) 2018-06-20 - COMMITTED TO RULES [S02643 Detail]
Text: Latest bill text (Amended) [HTML]
Vote: Senate Finance Committee Vote
| Vote | Tally | Democrat | Republican |
|---|---|---|---|
| Yea | 36 | 18 | 18 |
| Nay | - | - | - |
| Not Voting | - | - | - |
| Absent | 1 | 1 | - |
| TOTAL | 37 | 19 | 18 |
