Bill Text: NY S08458 | 2023-2024 | General Assembly | Introduced

New York Senate Bill 8458

Introduced

Bill Title: Establishes a manufactured housing tax credit which provides for a credit of up to two thousand dollars for each new manufactured home that the taxpayer constructed and for which a certificate of occupancy has been issued on or after January first, two thousand twenty-four and on or before December thirty-first, two thousand thirty.

Spectrum: Partisan Bill (Republican 4-0)

Status: (Introduced) 2024-01-31 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [S08458 Detail]

Download: New_York-2023-S08458-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          8458

                    IN SENATE

                                    January 31, 2024
                                       ___________

        Introduced  by  Sen. HELMING -- read twice and ordered printed, and when
          printed to be committed to the Committee on Investigations and Govern-
          ment Operations

        AN ACT to amend the tax law, in relation to establishing a  manufactured
          housing tax credit

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. The tax law is amended by adding a new section 49  to  read
     2  as follows:
     3    § 49. Manufactured housing tax credit. A taxpayer subject to tax under
     4  article  nine-a or article twenty-two of this chapter shall be allowed a
     5  credit of up to two thousand dollars against such tax for each new manu-
     6  factured home that the taxpayer installed and for which a certificate of
     7  occupancy has been issued on or after January first, two thousand  twen-
     8  ty-four and on or before December thirty-first, two thousand thirty.
     9    §  2. Section 210-b of the tax law is amended by adding a new subdivi-
    10  sion 60 to read as follows:
    11    60. A taxpayer shall be allowed a credit of up to two thousand dollars
    12  against such tax for  each  new  manufactured  home  that  the  taxpayer
    13  installed and for which a certificate of occupancy has been issued on or
    14  after  January first, two thousand twenty-four and on or before December
    15  thirty-first, two thousand thirty.
    16    § 3. Section 606 of the tax law is amended by adding a new  subsection
    17  (ppp) to read as follows:
    18    (ppp)  Manufactured housing tax credit.  A taxpayer shall be allowed a
    19  credit of up to two thousand dollars against such tax for each new manu-
    20  factured home that the taxpayer installed and for which a certificate of
    21  occupancy has been issued on or after January first, two thousand  twen-
    22  ty-four and on or before December thirty-first, two thousand thirty.
    23    § 4. This act shall take effect immediately.


         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11716-02-4