STATE OF NEW YORK
        ________________________________________________________________________

                                          9876

                   IN ASSEMBLY

                                     April 24, 2024
                                       ___________

        Introduced by M. of A. McDONALD -- read once and referred to the Commit-
          tee on Housing

        AN  ACT  to  amend  the  public  housing  law, the tax law and the state
          finance law, in relation  to  establishing  the  shovel-ready  housing
          program

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. The public housing law is amended by adding a  new  section
     2  150-a to read as follows:
     3    § 150-a. Shovel-ready housing program. 1. No later than one year after
     4  the  effective date of this section, and after consultation with munici-
     5  pal governments throughout the state, the division of housing and commu-
     6  nity renewal shall establish  a  "shovel-ready  housing  program"  under
     7  which  municipalities,  excluding  cities  with a population of over one
     8  million, and planning commissions of such  municipalities,  if  any,  at
     9  their option, may pre-authorize parcels of property for the construction
    10  of housing.
    11    2. The commissioner shall promulgate rules, regulations, and reporting
    12  requirements  to  establish  the  program pursuant to subdivision one of
    13  this section. Factors considered shall include, but not be  limited  to,
    14  environmental  review,  permitting, and local zoning. Nothing under such
    15  program shall supersede local laws. The division of housing and communi-
    16  ty renewal shall annually publish on  its  website  a  list  of  munici-
    17  palities that have opted in to participate in such program.
    18    3.  In  order  for  the  division  of housing and community renewal to
    19  certify a municipality's participation in the program under  subdivision
    20  one  of  this  section,  such  municipality  shall pre-authorize parcels
    21  sufficient to increase the number of housing units in such  municipality
    22  by  at  least  one  per  centum  or a minimum of ten units, whichever is
    23  greater.
    24    § 2. Section 606 of the tax law is amended by adding a new  subsection
    25  (n-3) to read as follows:
    26    (n-3)  Shovel-ready  community  tax  rebate  credit. (1) An individual
    27  taxpayer who meets the eligibility standards in paragraph  two  of  this

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15072-01-4

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     1  subsection  shall  be allowed a credit against the taxes imposed by this
     2  article in the amount specified in paragraph three  of  this  subsection
     3  for  the  tax  year following the year in the municipality in which such
     4  individual  resides being certified as participating in the shovel-ready
     5  housing program established under section one  hundred  fifty-a  of  the
     6  public housing law.
     7    (2)  To  be eligible for the credit, the taxpayer (or taxpayers filing
     8  joint returns) (i) shall own  and  primarily  reside  in  real  property
     9  receiving  either  the STAR exemption authorized by section four hundred
    10  twenty-five of the real property tax law or the school tax relief credit
    11  authorized by subsection (eee) of this  section,  (ii)  shall  have  had
    12  qualified  gross  income  no  greater  than  two  hundred fifty thousand
    13  dollars in the tax year two thousand twenty, and (iii) reside in a muni-
    14  cipality that has certified participation in  the  shovel-ready  housing
    15  program  established  under  section  one  hundred fifty-a of the public
    16  housing law.
    17    (3) (i) For a taxpayer who owned and primarily resided in real proper-
    18  ty receiving the basic STAR exemption or who  received  the  basic  STAR
    19  credit,  the amount of the credit shall equal the STAR tax savings asso-
    20  ciated with such basic STAR exemption in the two thousand  twenty-three-
    21  -two  thousand  twenty-four  school  year,  multiplied  by the following
    22  percentage:
    23    For a taxpayer whose primary residence is located outside the city  of
    24  New York:

    25  Qualified Gross                         Income Percentage
    26  Not over $75,000                        163%
    27  Over $75,000 but not over $150,000      115%
    28  Over $150,000 but not over $200,000     66%
    29  Over $200,000 but not over $250,000     18%
    30  Over $250,000                           No credit

    31    (ii)  For  a taxpayer who owned and primarily resided in real property
    32  receiving the enhanced STAR exemption or who received the enhanced  STAR
    33  credit,  the amount of the credit shall equal the STAR tax savings asso-
    34  ciated with such enhanced STAR exemption in  the  two  thousand  twenty-
    35  three--two  thousand  twenty-four  school  year, multiplied by sixty-six
    36  percent if the taxpayer's primary residence is located outside the  city
    37  of  New York, or one hundred ten percent if the taxpayer's primary resi-
    38  dence is located within the city of New York.
    39    (iii) In no case shall the amount of the  credit  allowed  under  this
    40  subsection  exceed  the  school  district  taxes due with respect to the
    41  residence for that school year, nor shall any credit  be  allowed  under
    42  this  subsection  if the amount determined pursuant to this paragraph is
    43  less than one hundred dollars.
    44    (4) For purposes of this subsection:
    45    (i) "Qualified gross income" means the adjusted gross  income  of  the
    46  qualified  taxpayer  for the taxable year as reported for federal income
    47  tax purposes, or which would be reported as adjusted gross income  if  a
    48  federal income tax return were required to be filed. In computing quali-
    49  fied  gross  income, the net amount of loss reported on Federal Schedule
    50  C, D, E, or F shall not exceed three thousand dollars per  schedule.  In
    51  addition,  the  net  amount of any other separate category of loss shall
    52  not exceed three thousand dollars. The aggregate amount  of  all  losses
    53  included  in  computing  qualified gross income shall not exceed fifteen
    54  thousand dollars.

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     1    (ii) "STAR tax savings" means the  tax  savings  attributable  to  the
     2  basic  or  enhanced  STAR  exemption,  whichever is applicable, within a
     3  portion of a school district, as determined by the commissioner pursuant
     4  to subdivision two of section thirteen hundred six-a of the real proper-
     5  ty tax law.
     6    (5)  If  the  amount of the credit allowed under this subsection shall
     7  exceed the taxpayer's tax for the taxable  year,  the  excess  shall  be
     8  treated  as  an overpayment of tax to be credited or refunded in accord-
     9  ance with the provisions of section six hundred eighty-six of this arti-
    10  cle, provided, however, that no interest shall be paid thereon. For each
    11  year this credit is allowed, on or  before  October  fifteenth  of  such
    12  year,  or  as  soon thereafter as is practicable, the commissioner shall
    13  determine the taxpayer's  eligibility  for  this  credit  utilizing  the
    14  information  available  to  the  commissioner on the taxpayer's personal
    15  income tax return filed for the taxable year  two  years  prior  to  the
    16  taxable  year  in  which the credit is allowed. For those taxpayers whom
    17  the commissioner has determined eligible for this  credit,  the  commis-
    18  sioner  shall  advance  a  payment  in the amount specified in paragraph
    19  three of this subsection, which payment shall be issued, to the greatest
    20  extent practicable, by October thirty-first of each year the  credit  is
    21  allowed.  A  taxpayer  who has failed to receive an advance payment that
    22  such taxpayer believes was due to such taxpayer, or who has received  an
    23  advance payment that such taxpayer believes is less than the amount that
    24  was  due to such taxpayer, may request payment of the claimed deficiency
    25  in a manner prescribed by the commissioner.
    26    (6) A taxpayer shall not be eligible for the credit allowed under this
    27  subsection if the school district taxes levied upon the residence during
    28  the taxable year remain unpaid sixty days after the last date  on  which
    29  they  could  have been paid without interest, or in the case of a school
    30  district where such taxes are payable in  installments,  if  such  taxes
    31  remain unpaid sixty days after the last date on which the final install-
    32  ment  could  have been paid without interest. If the taxes remain unpaid
    33  on such sixtieth day, the amount of credit claimed by the taxpayer under
    34  this subsection or the amount of advance payment of credit  received  by
    35  the  taxpayer  pursuant  to  paragraph  five of this subsection shall be
    36  added back as tax on the income tax return for the taxable year in which
    37  such sixtieth day occurs.
    38    (7) Only one credit per residence shall be allowed  per  taxable  year
    39  under  this subsection. When two or more members of a residence are able
    40  to meet the qualifications for a qualified taxpayer, the credit shall be
    41  equally divided between or among such individuals. In the case of spous-
    42  es who file a joint federal return but who  are  required  to  determine
    43  their  New  York  taxes  separately, the credit allowed pursuant to this
    44  subsection may be applied against the tax of either or  divided  between
    45  them as they may elect.
    46    §  3. The state finance law is amended by adding a new section 54-n to
    47  read as follows:
    48    § 54-n. Grants  to  shovel-ready  housing  municipalities.  1.  Annual
    49  apportionment.  During  each  fiscal  year  of the state, there shall be
    50  apportioned and paid to cities, towns and villages, that have  certified
    51  participation  in  the  shovel-ready  housing  program established under
    52  section one hundred fifty-a of the public housing law from moneys appro-
    53  priated by the state, infrastructure grants for the  support  of  shovel
    54  ready  housing municipalities. Such funding apportioned and paid to each
    55  qualified municipality shall be  equal  to  double  the  municipalities'

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     1  allotment  of  the  consolidated  local  street  and highway improvement
     2  program (CHIPS) funds in the previous fiscal year enacted budget.
     3    2.  Use  of funds. Grants to shovel-ready housing municipalities shall
     4  be used for infrastructure purposes including, but not limited to  road,
     5  bridge,   sewer,   power  generation  and  distribution,  and  broadband
     6  projects.  All other purposes shall be certified by the  office  of  the
     7  state  comptroller to ensure funds are used for projects that facilitate
     8  the construction of additional housing.
     9    § 4. This act shall take effect immediately.