Bill Text: NY A03527 | 2019-2020 | General Assembly | Introduced

New York Assembly Bill 3527 (Prior Session Legislation)

Introduced

Bill Title: Relates to certain qualifying property under brownfield redevelopment tax credits.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2020-01-08 - referred to ways and means [A03527 Detail]

Download: New_York-2019-A03527-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                          3527
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    January 29, 2019
                                       ___________
        Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
          tee on Ways and Means
        AN ACT to amend the tax law, in relation to  qualifying  property  under
          brownfield redevelopment tax credits
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Clause (iii) of subparagraph (B) of paragraph 3 of subdivi-
     2  sion (b) of section 21 of the tax law, as amended by chapter 420 of  the
     3  laws of 2006, is amended to read as follows:
     4    (iii) has a situs on a qualified site in this state, and is located in
     5  a  brownfield  opportunity  area  as designated pursuant to section nine
     6  hundred seventy-r of the general municipal law, an empire zone as desig-
     7  nated pursuant to article eighteen-B of the general  municipal  law,  an
     8  environmental zone as defined in paragraph six of this subdivision or an
     9  urban  renewal area pursuant to article fifteen of the general municipal
    10  law; and
    11    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07773-01-9