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

New York Assembly Bill 357 (Prior Session Legislation)

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                          357
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                      (PREFILED)
                                    January 5, 2011
                                      ___________
       Introduced  by  M. of A. HOYT -- read once and referred to the Committee
         on Ways and Means
       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
   24    Section 210(28) QEZE tax reduction credit
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD01164-01-1
       A. 357                              2
    1    Section 210(30) low income housing credit
    2    Section 210(31) green building credit
    3    Section 210(33) brownfield redevelopment tax credit
    4    Section  210(34)  remediated brownfield credit for real property taxes
    5  for qualified sites
    6    Section 210(35) environmental remediation insurance credit
    7    Section 210(37) security training tax credit
    8    Section 210(37) credit for fuel  cell  electric  generating  equipment
    9  expenditures
   10    Section 210(38) conservation easement tax credit
   11    Section 210(38) empire state commercial production credit
   12    Section 210(38) biofuel production credit
   13    Section 210(39) clean heating fuel credit
   14    [Section 210(40) credit for rehabilitation of historic properties]
   15    Section  210(40)  credit  for  companies who provide transportation to
   16  individuals with disabilities
   17    S 2. This act shall take effect immediately.