senate Bill S5944A

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

See Assembly Version of this Bill:
A1336A
Versions:
S5944
S5944A
S5944B
Legislative Cycle:
2013-2014
Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd ยง606, Tax L

Votes

8
0
8
Aye
0
Nay
1
aye with reservations
0
absent
0
excused
0
abstained
show Investigations and Government Operations committee vote details

Sponsor Memo

BILL NUMBER:S5944A

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 fires that have
taken place in Queens and Brooklyn. In these cases, the fire began in
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 these fires 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. 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:

2013: S. 5944 - Referred to Senate Rules Committee.

FISCAL IMPLICATIONS:

To Be Determined.

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--A

                       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  --  recommitted  to
  the  Committee  on Investigations and Government Operations in accord-
  ance 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 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.   Subsections (yy) and (zz) of section 606 of the tax law,
as relettered by section 5 of part H of chapter 1 of the laws  of  2003,
are  relettered subsections (yyy) and (zzz) and a new subsection (xx) is
added 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.
                                                           LBD11872-02-4

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