NY State Assembly Bill 2013-A6979A

Archive: Last Bill Status - In Assembly Committee

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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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 08, 2014	referred to ways and means
Dec 04, 2013	print number 6979a
Dec 04, 2013	amend and recommit to ways and means
Apr 29, 2013	referred to ways and means

Bill Amendments

Original

A (Active)

co-Sponsors

View additional co-sponsors

multi-Sponsors

2013-A6979 - Details

See Senate Version of this Bill:: S4642
Current Committee:: Assembly Ways And Means
Law Section:: Tax Law
Laws Affected:: Amd §§606, 210, 1456 & 1511, Tax L
Versions Introduced in Other Legislative Sessions:: 2015-2016: A6670, S3631
2017-2018: S5161
2019-2020: S7928

2013-A6979 - Summary

Increases the maximum award available under the historic preservation tax credit from five million dollars to twelve million dollars over a period of three years.

2013-A6979 - Bill Text download pdf

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

                                  6979

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                             April 29, 2013
                               ___________

Introduced  by  M.  of A. ENGLEBRIGHT, FAHY, McDONALD, PEOPLES-STOKES --
  read once and referred to the Committee on Ways and Means

AN ACT to amend the tax law, in relation to increasing the maximum award
  available under the historic preservation tax  credit;  and  providing
  for the repeal of such provisions upon expiration thereof

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

  Section 1. Subparagraph (A) of  paragraph  1  of  subsection  (oo)  of
section 606 of the tax law, as amended by section 1 of part F of chapter
59 of the laws of 2013, is amended to read as follows:
  (A)  For  taxable years beginning on or after January first, two thou-
sand ten and before January first, two thousand twenty, a taxpayer shall
be allowed a credit as hereinafter provided, against the tax imposed  by
this article, in an amount equal to one hundred percent of the amount of
credit  allowed the taxpayer with respect to a certified historic struc-
ture under subsection (a) (2) of section  47  of  the  federal  internal
revenue  code  with  respect  to  a certified historic structure located
within the state. Provided, however, the credit shall not exceed  [five]
SEVEN  million  dollars  IN  STATE FISCAL YEAR TWO THOUSAND FIFTEEN--TWO
THOUSAND SIXTEEN, NINE MILLION DOLLARS IN STATE FISCAL YEAR TWO THOUSAND
SIXTEEN--TWO THOUSAND SEVENTEEN AND  TWELVE  MILLION  DOLLARS  IN  STATE
FISCAL  YEAR TWO THOUSAND SEVENTEEN--TWO THOUSAND EIGHTEEN.  For taxable
years beginning on or  after  January  first,  two  thousand  twenty,  a
taxpayer  shall be allowed a credit as hereinafter provided, against the
tax imposed by this article, in an amount equal to thirty percent of the
amount of credit allowed  the  taxpayer  with  respect  to  a  certified
historic  structure under subsection (a)(2) of section 47 of the federal
internal revenue code with respect to  a  certified  historic  structure
located within the state; provided, however, the credit shall not exceed
one hundred thousand dollars.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04642-04-3

A. 6979                             2

  S  2. Subparagraph (A) of paragraph 1 of subdivision 40 of section 210
of the tax law, as amended by section 2 of part F of chapter 59  of  the
laws of 2013, is amended to read as follows:
  (A)  For  taxable years beginning on or after January first, two thou-
sand ten and before January first, two thousand twenty, a taxpayer shall
be allowed a credit as hereinafter provided, against the tax imposed  by
this article, in an amount equal to one hundred percent of the amount of
credit  allowed the taxpayer with respect to a certified historic struc-
ture under subsection (a) (2) of section  47  of  the  federal  internal
revenue  code  with  respect  to  a certified historic structure located
within the state. Provided, however, the credit shall not exceed  [five]
SEVEN  million  dollars  IN  STATE FISCAL YEAR TWO THOUSAND FIFTEEN--TWO
THOUSAND SIXTEEN, NINE MILLION DOLLARS IN STATE FISCAL YEAR TWO THOUSAND
SIXTEEN--TWO THOUSAND SEVENTEEN AND  TWELVE  MILLION  DOLLARS  IN  STATE
FISCAL  YEAR TWO THOUSAND SEVENTEEN--TWO THOUSAND EIGHTEEN.  For taxable
years beginning on or  after  January  first,  two  thousand  twenty,  a
taxpayer  shall be allowed a credit as hereinafter provided, against the
tax imposed by this article, in an amount equal to thirty percent of the
amount of credit allowed  the  taxpayer  with  respect  to  a  certified
historic  structure under subsection (a)(2) of section 47 of the federal
internal revenue code with respect to  a  certified  historic  structure
located within the state. Provided, however, the credit shall not exceed
one hundred thousand dollars.
  S 3. Subparagraph (A) of paragraph 1 of subsection (u) of section 1456
of  the  tax law, as amended by section 3 of part F of chapter 59 of the
laws of 2013, is amended to read as follows:
  (A) For taxable years beginning on or after January first,  two  thou-
sand ten and before January first, two thousand twenty, a taxpayer shall
be  allowed a credit as hereinafter provided, against the tax imposed by
this article, in an amount equal to one hundred percent of the amount of
credit allowed the taxpayer with respect to a certified historic  struc-
ture  under  subsection  (a)(2)  of  section  47 of the federal internal
revenue code with respect to  a  certified  historic  structure  located
within  the state. Provided, however, the credit shall not exceed [five]
SEVEN million dollars IN STATE FISCAL  YEAR  TWO  THOUSAND  FIFTEEN--TWO
THOUSAND SIXTEEN, NINE MILLION DOLLARS IN STATE FISCAL YEAR TWO THOUSAND
SIXTEEN--TWO  THOUSAND  SEVENTEEN  AND  TWELVE  MILLION DOLLARS IN STATE
FISCAL YEAR TWO THOUSAND SEVENTEEN--TWO THOUSAND EIGHTEEN.  For  taxable
years  beginning  on  or  after  January  first,  two thousand twenty, a
taxpayer shall be allowed a credit as hereinafter provided, against  the
tax imposed by this article, in an amount equal to thirty percent of the
amount  of  credit  allowed  the  taxpayer  with  respect to a certified
historic structure under subsection (a)(2) of section 47 of the  federal
internal  revenue  code  with  respect to a certified historic structure
located within the state. Provided, however, the credit shall not exceed
one hundred thousand dollars.
  S 4. Subparagraph (A) of paragraph 1 of  subdivision  (y)  of  section
1511  of the tax law, as amended by section 4 of part F of chapter 59 of
the laws of 2013, is amended to read as follows:
  (A) For taxable years beginning on or after January first,  two  thou-
sand ten and before January first, two thousand twenty, a taxpayer shall
be  allowed a credit as hereinafter provided, against the tax imposed by
this article, in an amount equal to one hundred percent of the amount of
credit allowed the taxpayer with respect to a certified historic  struc-
ture  under  subsection  (a)(2)  of  section  47 of the federal internal
revenue code with respect to  a  certified  historic  structure  located

A. 6979                             3

within  the state. Provided, however, the credit shall not exceed [five]
SEVEN million dollars IN STATE FISCAL  YEAR  TWO  THOUSAND  FIFTEEN--TWO
THOUSAND SIXTEEN, NINE MILLION DOLLARS IN STATE FISCAL YEAR TWO THOUSAND
SIXTEEN--TWO  THOUSAND  SEVENTEEN  AND  TWELVE  MILLION DOLLARS IN STATE
FISCAL YEAR TWO THOUSAND SEVENTEEN--TWO THOUSAND EIGHTEEN.  For  taxable
years  beginning  on  or  after  January  first,  two thousand twenty, a
taxpayer shall be allowed a credit as hereinafter provided, against  the
tax imposed by this article, in an amount equal to thirty percent of the
amount  of  credit  allowed  the  taxpayer  with  respect to a certified
historic structure under subsection (a)(2) of section 47 of the  federal
internal  revenue  code  with  respect to a certified historic structure
located within the state. Provided, however, the credit shall not exceed
one hundred thousand dollars.
  S 5. This act shall take effect immediately and shall apply to taxable
years beginning on and after January 1,  2013  provided  that  this  act
shall expire and be deemed repealed on and after December 31, 2019.

co-Sponsors

View additional co-sponsors

multi-Sponsors

2013-A6979A (ACTIVE) - Details

See Senate Version of this Bill:: S4642
Current Committee:: Assembly Ways And Means
Law Section:: Tax Law
Laws Affected:: Amd §§606, 210, 1456 & 1511, Tax L
Versions Introduced in Other Legislative Sessions:: 2015-2016: A6670, S3631
2017-2018: S5161
2019-2020: S7928

2013-A6979A (ACTIVE) - Summary

Increases the maximum award available under the historic preservation tax credit from five million dollars to twelve million dollars over a period of three years.

2013-A6979A (ACTIVE) - Bill Text download pdf

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

                                 6979--A

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                             April 29, 2013
                               ___________

Introduced  by  M.  of  A.  ENGLEBRIGHT, FAHY, McDONALD, PEOPLES-STOKES,
  LUPARDO, GALEF, OTIS -- Multi-Sponsored by -- M. of A. MAYER  --  read
  once  and  referred  to  the  Committee on Ways and Means -- committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

AN ACT to amend the tax law, in relation to increasing the maximum award
  available under the historic preservation tax  credit;  and  providing
  for the repeal of such provisions upon expiration thereof

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

  Section 1. Subparagraph (A) of  paragraph  1  of  subsection  (oo)  of
section 606 of the tax law, as amended by section 1 of part F of chapter
59 of the laws of 2013, is amended to read as follows:
  (A)  For  taxable years beginning on or after January first, two thou-
sand ten and before January first, two thousand twenty, a taxpayer shall
be allowed a credit as hereinafter provided, against the tax imposed  by
this article, in an amount equal to one hundred percent of the amount of
credit  allowed the taxpayer with respect to a certified historic struc-
ture under subsection (a) (2) of section  47  of  the  federal  internal
revenue  code  with  respect  to  a certified historic structure located
within the state. Provided, however, the credit shall not exceed  [five]
SEVEN  million  dollars  IN  STATE FISCAL YEAR TWO THOUSAND SIXTEEN--TWO
THOUSAND SEVENTEEN, NINE MILLION DOLLARS IN STATE FISCAL YEAR TWO  THOU-
SAND  SEVENTEEN--TWO  THOUSAND  EIGHTEEN  AND  TWELVE MILLION DOLLARS IN
STATE FISCAL YEAR TWO THOUSAND EIGHTEEN--TWO  THOUSAND  NINETEEN.    For
taxable  years beginning on or after January first, two thousand twenty,
a taxpayer shall be allowed a credit as  hereinafter  provided,  against
the tax imposed by this article, in an amount equal to thirty percent of
the  amount  of  credit allowed the taxpayer with respect to a certified
historic structure under subsection (a)(2) of section 47 of the  federal
internal  revenue  code  with  respect to a certified historic structure

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04642-08-3

A. 6979--A                          2

located within the state; provided, however, the credit shall not exceed
one hundred thousand dollars.
  S  2. Subparagraph (A) of paragraph 1 of subdivision 40 of section 210
of the tax law, as amended by section 2 of part F of chapter 59  of  the
laws of 2013, is amended to read as follows:
  (A)  For  taxable years beginning on or after January first, two thou-
sand ten and before January first, two thousand twenty, a taxpayer shall
be allowed a credit as hereinafter provided, against the tax imposed  by
this article, in an amount equal to one hundred percent of the amount of
credit  allowed the taxpayer with respect to a certified historic struc-
ture under subsection (a) (2) of section  47  of  the  federal  internal
revenue  code  with  respect  to  a certified historic structure located
within the state. Provided, however, the credit shall not exceed  [five]
SEVEN  million  dollars  IN  STATE FISCAL YEAR TWO THOUSAND SIXTEEN--TWO
THOUSAND SEVENTEEN, NINE MILLION DOLLARS IN STATE FISCAL YEAR TWO  THOU-
SAND  SEVENTEEN--TWO  THOUSAND  EIGHTEEN  AND  TWELVE MILLION DOLLARS IN
STATE FISCAL YEAR TWO THOUSAND EIGHTEEN--TWO  THOUSAND  NINETEEN.    For
taxable  years beginning on or after January first, two thousand twenty,
a taxpayer shall be allowed a credit as  hereinafter  provided,  against
the tax imposed by this article, in an amount equal to thirty percent of
the  amount  of  credit allowed the taxpayer with respect to a certified
historic structure under subsection (a)(2) of section 47 of the  federal
internal  revenue  code  with  respect to a certified historic structure
located within the state. Provided, however, the credit shall not exceed
one hundred thousand dollars.
  S 3. Subparagraph (A) of paragraph 1 of subsection (u) of section 1456
of the tax law, as amended by section 3 of part F of chapter 59  of  the
laws of 2013, is amended to read as follows:
  (A)  For  taxable years beginning on or after January first, two thou-
sand ten and before January first, two thousand twenty, a taxpayer shall
be allowed a credit as hereinafter provided, against the tax imposed  by
this article, in an amount equal to one hundred percent of the amount of
credit  allowed the taxpayer with respect to a certified historic struc-
ture under subsection (a)(2) of  section  47  of  the  federal  internal
revenue  code  with  respect  to  a certified historic structure located
within the state. Provided, however, the credit shall not exceed  [five]
SEVEN  million  dollars  IN  STATE FISCAL YEAR TWO THOUSAND SIXTEEN--TWO
THOUSAND SEVENTEEN, NINE MILLION DOLLARS IN STATE FISCAL YEAR TWO  THOU-
SAND  SEVENTEEN--TWO  THOUSAND  EIGHTEEN  AND  TWELVE MILLION DOLLARS IN
STATE FISCAL YEAR TWO THOUSAND EIGHTEEN--TWO  THOUSAND  NINETEEN.    For
taxable  years beginning on or after January first, two thousand twenty,
a taxpayer shall be allowed a credit as  hereinafter  provided,  against
the tax imposed by this article, in an amount equal to thirty percent of
the  amount  of  credit allowed the taxpayer with respect to a certified
historic structure under subsection (a)(2) of section 47 of the  federal
internal  revenue  code  with  respect to a certified historic structure
located within the state. Provided, however, the credit shall not exceed
one hundred thousand dollars.
  S 4. Subparagraph (A) of paragraph 1 of  subdivision  (y)  of  section
1511  of the tax law, as amended by section 4 of part F of chapter 59 of
the laws of 2013, is amended to read as follows:
  (A) For taxable years beginning on or after January first,  two  thou-
sand ten and before January first, two thousand twenty, a taxpayer shall
be  allowed a credit as hereinafter provided, against the tax imposed by
this article, in an amount equal to one hundred percent of the amount of
credit allowed the taxpayer with respect to a certified historic  struc-

A. 6979--A                          3

ture  under  subsection  (a)(2)  of  section  47 of the federal internal
revenue code with respect to  a  certified  historic  structure  located
within  the state. Provided, however, the credit shall not exceed [five]
SEVEN  million  dollars  IN  STATE FISCAL YEAR TWO THOUSAND SIXTEEN--TWO
THOUSAND SEVENTEEN, NINE MILLION DOLLARS IN STATE FISCAL YEAR TWO  THOU-
SAND  SEVENTEEN--TWO  THOUSAND  EIGHTEEN  AND  TWELVE MILLION DOLLARS IN
STATE FISCAL YEAR TWO THOUSAND EIGHTEEN--TWO  THOUSAND  NINETEEN.    For
taxable  years beginning on or after January first, two thousand twenty,
a taxpayer shall be allowed a credit as  hereinafter  provided,  against
the tax imposed by this article, in an amount equal to thirty percent of
the  amount  of  credit allowed the taxpayer with respect to a certified
historic structure under subsection (a)(2) of section 47 of the  federal
internal  revenue  code  with  respect to a certified historic structure
located within the state. Provided, however, the credit shall not exceed
one hundred thousand dollars.
  S 5. This act shall take effect immediately and shall apply to taxable
years beginning on and after January 1,  2014  provided  that  this  act
shall expire and be deemed repealed on and after December 31, 2020.

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Assembly Bill A6979A

Sponsored By

Archive: Last Bill Status - In Assembly Committee

Bill Amendments

co-Sponsors

multi-Sponsors

2013-A6979 - Details

2013-A6979 - Summary

2013-A6979 - Bill Text download pdf

co-Sponsors

multi-Sponsors

2013-A6979A (ACTIVE) - Details

2013-A6979A (ACTIVE) - Summary

2013-A6979A (ACTIVE) - Bill Text download pdf

Comments

Assembly Bill A6979A

Share this bill

Sponsored By

ENGLEBRIGHT

Archive: Last Bill Status - In Assembly Committee

Bill Amendments

co-Sponsors

Patricia Fahy

John T. McDonald III

Crystal Peoples-Stokes

Donna Lupardo

multi-Sponsors

Shelley Mayer

2013-A6979 - Details

2013-A6979 - Summary

2013-A6979 - Bill Text download pdf

co-Sponsors

Patricia Fahy

John T. McDonald III

Crystal Peoples-Stokes

Donna Lupardo

multi-Sponsors

Shelley Mayer

Raymond Walter

2013-A6979A (ACTIVE) - Details

2013-A6979A (ACTIVE) - Summary

2013-A6979A (ACTIVE) - Bill Text download pdf

Comments