Bill 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.

Spectrum: Slight Partisan Bill (Democrat 5-2)

Status: (Introduced - Dead) 2018-01-29 - print number 4415b [A04415 Detail]

Text: Latest bill text (Amended) [HTML]

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Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Assemblymember Robin Schimminger [D]	Primary	Sponsored Bills	HD-140	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember William Magnarelli [D]	Cosponsor	Sponsored Bills	HD-129	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember William Colton [D]	Cosponsor	Sponsored Bills	HD-047	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Clifford Crouch [R]	Cosponsor	Sponsored Bills	HD-122	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Steven Cymbrowitz [D]	Primary	Sponsored Bills	HD-045	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember John McDonald [D]	Primary	Sponsored Bills	HD-108	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Raymond Walter [R]	Primary	Sponsored Bills	HD-146	FollowTheMoney	Ballotpedia	VoteSmart

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