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 dilapidated vacancies; provides that the property shall be substantially rehabilitated which is where the qualified rehabilitation expenditures in relation to such building total ten thousand dollars.

Spectrum: Slight Partisan Bill (Democrat 4-2)

Status: (Introduced - Dead) 2014-06-05 - print number 4507b [A04507 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 Michael Cusick [D]	Cosponsor	Sponsored Bills	HD-063	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember William Colton [D]	Cosponsor	Sponsored Bills	HD-047	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Claudia Tenney [R]	Cosponsor	Sponsored Bills	HD-101	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Steven Cymbrowitz [D]	Primary	Sponsored Bills	HD-045	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Raymond Walter [R]	Primary	Sponsored Bills	HD-146	FollowTheMoney	Ballotpedia	VoteSmart

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