Bill Text: NY S05003 | 2019-2020 | General Assembly | Introduced

Bill Title: Provides that residential buildings shall be deemed eligible buildings for the green building tax credit.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2019-04-03 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [S05003 Detail]

Download: New_York-2019-S05003-Introduced.html

                STATE OF NEW YORK
                               2019-2020 Regular Sessions
                    IN SENATE
                                      April 3, 2019
        Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
          printed to be committed to the Committee on Investigations and Govern-
          ment Operations
        AN ACT to amend the tax law, in relation to providing a  green  building
          credit to all residential buildings
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Subparagraphs (D) and (E) of paragraph 6 of subdivision (b)
     2  of section 19 of the tax law, as added by section 2 of part II of  chap-
     3  ter 63 of the laws of 2000, are amended to read as follows:
     4    (D)  any  combination of buildings described in subparagraphs (A), (B)
     5  and (C) of this paragraph, [and] or
     6    (E) any residential building, and
     7    (F) is not a building located on freshwater wetlands or tidal wetlands
     8  the construction of which requires a permit  under  section  24-0701  or
     9  25-0403,  respectively,  of  the  environmental  conservation law, or on
    10  wetlands such that the construction thereof requires a  permit  pursuant
    11  to section 404 of the federal clean water act (33 U.S.C. § 1344).
    12    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.