Senate Bill S7788

Signed By Governor
2011-2012 Legislative Session

Provides that certain tax credits shall not apply if the certificate of remediation required to qualify for such credits is issued after December 31, 2015

download bill text pdf

Sponsored By

There are no sponsors of this bill.

Archive: Last Bill Status Via A10593 - Signed by Governor

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2011-S7788 (ACTIVE) - Details

See Assembly Version of this Bill:
A10593
Law Section:
Environmental Conservation
Laws Affected:
Amd Part H §31, Chap 1 of 2003

2011-S7788 (ACTIVE) - Summary

Provides that certain tax credits shall not apply if the certificate of remediation required to qualify for such credits is issued after December 31, 2015.

2011-S7788 (ACTIVE) - Sponsor Memo

2011-S7788 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  7788

                            I N  S E N A T E

                              June 18, 2012
                               ___________

Introduced  by COMMITTEE ON RULES -- read twice and ordered printed, and
  when printed to be committed to the Committee on Rules

AN ACT to amend part H of chapter 1 of the laws of  2003,  amending  the
  tax  law  relating to brownfield redevelopment tax credits, remediated
  brownfield credit for real property  taxes  for  qualified  sites  and
  environmental  remediation insurance credits, in relation to extending
  certain provisions thereof

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Section  31  of  part H of chapter 1 of the laws of 2003,
amending the tax law relating to brownfield redevelopment  tax  credits,
remediated brownfield credit for real property taxes for qualified sites
and  environmental  remediation insurance credits, is amended to read as
follows:
  S 31. The tax credits allowed under section 21, 22 or 23  of  the  tax
law  and  the corresponding provisions in articles 9, 9-A, 22, 32 and 33
of the tax law, as added by the provisions of sections one through twen-
ty-nine of this act, shall not be applicable if the remediation  certif-
icate  required  to  qualify  for  any  of  such credits is issued after
[March] DECEMBER 31, 2015.
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD16131-01-2

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