S T A T E O F N E W Y O R K
________________________________________________________________________
8466
I N S E N A T E
August 3, 2010
___________
Introduced by Sen. VALESKY -- 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 the tax credits for the
rehabilitation of historic properties
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Paragraph (a) of subdivision 3 of section 33 of the tax
law, as added by section 1 of part Y of a chapter of the laws of 2010
amending the tax law relating to the deferral of use or payment of
certain tax credits, as proposed in legislative bill numbers S.6610-C
and A.9710-D, is amended to read as follows:
(a) This section shall apply to the credits allowed under the follow-
ing provisions in article [nine-a] NINE-A of this chapter and any appli-
cable counterpart provisions in articles nine, twenty-two, thirty-two
and thirty-three of this chapter:
Section 210(12) investment tax credit
Section 210(12-B) empire zone investment tax credit
Section 210(12-C) empire zone employment incentive credit
Section 210(12-D) employment incentive credit
Section 210(12-E) QETC employment credit
Section 210(12-F) QETC capital tax credit
Section 210(12-G) QETC facilities, operations, and training credit
Section 210(17) special additional mortgage recording tax credit
Section 210(19) empire zone wage tax credit
Section 210(20) empire zone capital tax credit
Section 210(21-a) credit for servicing certain mortgages
Section 210(23) credit for employment of persons with disabilities
Section 210(24) alternative fuels credit
Section 210(25) credit for purchase of an automated external defibril-
lator
Section 210(27) QEZE credit for real property taxes
Section 210(28) QEZE tax reduction credit
Section 210(30) low income housing credit
Section 210(31) green building credit
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD18034-01-0
S. 8466 2
Section 210(33) brownfield redevelopment tax credit
Section 210(34) remediated brownfield credit for real property taxes
for qualified sites
Section 210(35) environmental remediation insurance credit
Section 210(37) security training tax credit
Section 210(37) credit for fuel cell electric generating equipment
expenditures
Section 210(38) conservation easement tax credit
Section 210(38) empire state commercial production credit
Section 210(38) biofuel production credit
Section 210(39) clean heating fuel credit
[Section 210(40) credit for rehabilitation of historic properties]
Section 210(40) credit for companies who provide transportation to
individuals with disabilities
S 2. This act shall take effect on the same date and in the same
manner as part Y of a chapter of the laws of 2010 amending the tax law
relating to the deferral of use or payment of certain tax credits, as
proposed in legislative bill numbers S.6610-C and A.9710-D, takes
effect.