senate Bill S5944

Amended

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

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Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
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actions

  • 02 / Oct / 2013
    • REFERRED TO RULES
  • 08 / Jan / 2014
    • REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • 29 / Jan / 2014
    • AMEND AND RECOMMIT TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
  • 29 / Jan / 2014
    • PRINT NUMBER 5944A
  • 02 / Jun / 2014
    • REPORTED AND COMMITTED TO FINANCE
  • 17 / Jun / 2014
    • AMEND AND RECOMMIT TO FINANCE
  • 17 / Jun / 2014
    • PRINT NUMBER 5944B
  • 19 / Jun / 2014
    • COMMITTEE DISCHARGED AND COMMITTED TO RULES
  • 19 / Jun / 2014
    • ORDERED TO THIRD READING CAL.1606
  • 20 / Jun / 2014
    • PASSED SENATE
  • 20 / Jun / 2014
    • DELIVERED TO ASSEMBLY
  • 20 / Jun / 2014
    • REFERRED TO WAYS AND MEANS

Summary

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

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Bill Details

Versions:
S5944
S5944A
S5944B
Legislative Cycle:
2013-2014
Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd ยง606, Tax L

Sponsor Memo

BILL NUMBER:S5944

TITLE OF BILL:
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

PURPOSE OR GENERAL IDEA OF BILL:

Provides a tax credit to homeowners
who repair cock loft fire hazards in their homes.

SUMMARY OF SPECIFIC PROVISIONS:

Section 606 of the Tax Law is amended
by adding a new subsection (xx).

JUSTIFICATION:

This legislation is introduced as a result of a major
fire that took place in Brooklyn. It began as a single family home
fire which quickly spread down the entire block of homes because of
the existence of cock lofts which connected these houses. Homes on
the block were quickly consumed by the fire. If the cock lofts were
closed off, the devastation this fire caused would Probably not have
been so great.

Row houses are no longer designed and built with cock lofts because of
the fire hazard. However, closing off these, already in existence,
passage ways is not considered by homeowners because there is no
inducement to do so. I hope this legislation will give homeowners the
tax incentive they may need to correct this building flaw, which may
one day prove useful in avoiding another catastrophe.

PRIOR LEGISLATIVE HISTORY:

New Bill in Senate.

FISCAL IMPLICATIONS:

None

EFFECTIVE DATE:

This act shall take effect immediately and shall apply
to taxable years beginning on or after January 1, 2014.

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

                                  5944

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                             October 2, 2013
                               ___________

Introduced  by  Sen. ADDABBO -- read twice and ordered printed, and when
  printed to be committed to the Committee on Rules

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:

  Section  1.  Section  606  of  the  tax law is amended by adding a new
subsection (xx) to read as follows:
  (XX) CREDIT FOR REPAIRING CERTAIN FIRE HAZARDS. ANY RESIDENT OWNER  OF
REAL PROPERTY AS DEFINED IN SECTION ONE HUNDRED TWO OF THE REAL PROPERTY
TAX  LAW  SHALL  BE  ALLOWED  A CREDIT AGAINST THE TAX OTHERWISE IMPOSED
UNDER THIS ARTICLE IN AN AMOUNT EQUAL TO  THE  COST  OF  REPAIRING  FIRE
HAZARDS COMMONLY KNOWN AS COCK LOFTS.
  S 2. This act shall take effect immediately and shall apply to taxable
years beginning on or after January 1, 2014.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11872-01-3

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