Bill Text: NY A01336 | 2013-2014 | General Assembly | Amended

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

---

Bill Title: Provides a tax credit to home owners who repair cock loft fire hazards in their homes.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2014-06-17 - print number 1336b [A01336 Detail]

Download: New_York-2013-A01336-Amended.html

---

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        1336--A
                              2013-2014 Regular Sessions
                                 I N  A S S E M B L Y
                                      (PREFILED)
                                    January 9, 2013
                                      ___________
       Introduced by M. of A. LENTOL -- read once and referred to the Committee
         on Ways and Means -- recommitted to the Committee on Ways and Means in
         accordance  with Assembly Rule 3, sec. 2 -- committee discharged, bill
         amended, ordered reprinted as amended and recommitted to said  commit-
         tee
       AN ACT to amend the tax law, in relation to providing a tax credit for a
         portion of the cost of repairing certain fire hazards
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1.  Subsections (yy) and (zz) of section 606 of the  tax  law,
    2  as  relettered  by section 5 of part H of chapter 1 of the laws of 2003,
    3  are relettered subsections (yyy) and (zzz) and a new subsection (xx)  is
    4  added to read as follows:
    5    (XX)  CREDIT FOR REPAIRING CERTAIN FIRE HAZARDS. ANY RESIDENT OWNER OF
    6  REAL PROPERTY AS DEFINED IN SECTION ONE HUNDRED TWO OF THE REAL PROPERTY
    7  TAX LAW SHALL BE ALLOWED A CREDIT  AGAINST  THE  TAX  OTHERWISE  IMPOSED
    8  UNDER  THIS  ARTICLE  IN  AN  AMOUNT EQUAL TO THE COST OF REPAIRING FIRE
    9  HAZARDS COMMONLY KNOWN AS COCK LOFTS.
   10    S 2. This act shall take effect immediately and shall apply to taxable
   11  years beginning on or after January 1, 2014.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD04091-02-4