New York Assembly Bill 4371 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 7-3)
Status: Introduced on January 30 2015 - 25% progression, died in committee
Action: 2016-02-01 - print number 4371a
Pending: Assembly Ways and Means Committee
Text: Latest bill text (Amended) [HTML]

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 dilapidation and vacancies; provides that the property which has been substantially rehabilitated is where the qualified rehabilitation expenditures in relation to such building total ten thousand dollars or more.

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 dilapidation and vacancies; provides that the property which has been substantially rehabilitated is where the qualified rehabilitation expenditures in relation to such building total ten thousand dollars or more.

Asm. Robin Schimminger [D]	Asm. Michael Cusick [D]	Asm. William Colton [D]	Asm. Claudia Tenney [R]
Asm. John McDonald [D]	Asm. William Magnarelli [D]	Asm. Steven Cymbrowitz [D]	Asm. Michael Kearns [D]
Asm. Chad Lupinacci [R]	Asm. Raymond Walter [R]

Date	Chamber	Action
2016-02-01	Assembly	print number 4371a
2016-02-01	Assembly	amend and recommit to ways and means
2016-01-06	Assembly	referred to ways and means
2015-01-30	Assembly	referred to ways and means

S01295 (Same As) 2016-06-01 - referred to ways and means

Type	Source
Summary	https://assembly.state.ny.us/leg/?default_fld=&bn=A04371&term=2015&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y
Text	https://assembly.state.ny.us/leg/?default_fld=&bn=A04371&term=2015&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A04371
Text	https://assembly.state.ny.us/leg/?default_fld=&bn=A04371&term=2015&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A04371A