Bill Text: NY A00357 | 2011-2012 | General Assembly | Amended

New York Assembly Bill 357 (Prior Session Legislation)

Bill Title: Relates to the tax credits for the rehabilitation of historic properties.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced - Dead) 2011-07-11 - enacting clause stricken [A00357 Detail]

Download: New_York-2011-A00357-Amended.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        357--A
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                      (PREFILED)
                                    January 5, 2011
                                      ___________
       Introduced  by  M.  of  A. HOYT, PAULIN -- read once and referred to the
         Committee on Ways and Means --  committee  discharged,  bill  amended,
         ordered reprinted as amended and recommitted to said committee
       AN  ACT  to  amend  the  tax law, in relation to the tax credits for the
         rehabilitation of historic properties
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Paragraph  (a)  of subdivision 3 of section 33 of the tax
    2  law, as added by section 1 of part Y of chapter 57 of the laws of  2010,
    3  is amended to read as follows:
    4    (a)  This section shall apply to the credits allowed under the follow-
    5  ing provisions in article [nine-a] NINE-A of this chapter and any appli-
    6  cable counterpart provisions in articles  nine,  twenty-two,  thirty-two
    7  and thirty-three of this chapter:
    8    Section 210(12) investment tax credit
    9    Section 210(12-B) empire zone investment tax credit
   10    Section 210(12-C) empire zone employment incentive credit
   11    Section 210(12-D) employment incentive credit
   12    Section 210(12-E) QETC employment credit
   13    Section 210(12-F) QETC capital tax credit
   14    Section 210(12-G) QETC facilities, operations, and training credit
   15    Section 210(17) special additional mortgage recording tax credit
   16    Section 210(19) empire zone wage tax credit
   17    Section 210(20) empire zone capital tax credit
   18    Section 210(21-a) credit for servicing certain mortgages
   19    Section 210(23) credit for employment of persons with disabilities
   20    Section 210(24) alternative fuels credit
   21    Section 210(25) credit for purchase of an automated external defibril-
   22  lator
   23    Section 210(27) QEZE credit for real property taxes
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD01164-02-1
       A. 357--A                           2
    1    Section 210(28) QEZE tax reduction credit
    2    Section 210(30) low income housing credit
    3    Section 210(31) green building credit
    4    Section 210(33) brownfield redevelopment tax credit
    5    Section  210(34)  remediated brownfield credit for real property taxes
    6  for qualified sites
    7    Section 210(35) environmental remediation insurance credit
    8    Section 210(37) security training tax credit
    9    Section 210(37) credit for fuel  cell  electric  generating  equipment
   10  expenditures
   11    Section 210(38) conservation easement tax credit
   12    Section 210(38) empire state commercial production credit
   13    Section 210(38) biofuel production credit
   14    Section 210(39) clean heating fuel credit
   15    [Section 210(40) credit for rehabilitation of historic properties]
   16    Section  210(40)  credit  for  companies who provide transportation to
   17  individuals with disabilities
   18    S 2. This act shall take effect January 1, 2012.