Bill Text: NY S00428 | 2015-2016 | General Assembly | Amended
Bill Title: Provides for the definition of "environmental zones" for purposes of the brownfield redevelopment tax credit.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2016-01-11 - PRINT NUMBER 428C [S00428 Detail]
Download: New_York-2015-S00428-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 428--C 2015-2016 Regular Sessions IN SENATE (Prefiled) January 7, 2015 ___________ Introduced by Sen. GALLIVAN -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- committee discharged and said bill committed to the Committee on Rules -- reported favorably from said committee to third reading, amended and ordered reprinted, retaining its place in the order of third reading -- recommitted to the Committee on Investigations and Government Oper- ations in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to the definition of "environ- mental zones" for purposes of the brownfield redevelopment tax credit The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph 6 of subsection (b) of section 21 of the tax law 2 is amended by adding a new subparagraph (C) to read as follows: 3 (C) with respect to any qualified site for which the department of 4 environmental conservation has issued a notice to the taxpayer between 5 January first, two thousand eleven and June thirtieth, two thousand 6 sixteen that its request for participation has been accepted under 7 subdivision six of section 27-1407 of the environmental conservation 8 law, environmental zones shall include such areas that meet the criteria 9 contained in subparagraph (A) of this paragraph as calculated as of 10 January first of the year in which the acceptance notice was issued 11 using either the most recent five year estimate from the American commu- 12 nity survey published by the Unites States Census Bureau or the census 13 data for the year two thousand. 14 § 2. This act shall take effect immediately and shall apply to any 15 qualified sites for which the department of environmental conservation EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD01718-06-6
