senate Bill S4088A

2011-2012 Legislative Session

Makes technical corrections to the conservation easement tax credit

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Archive: Last Bill Status - Passed Senate


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

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Actions

view actions (12)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 06, 2012 referred to ways and means
delivered to assembly
passed senate
May 07, 2012 advanced to third reading
May 02, 2012 2nd report cal.
May 01, 2012 1st report cal.669
Apr 18, 2012 reported and committed to finance
Jan 25, 2012 print number 4088a
amend and recommit to investigations and government operations
Jan 04, 2012 referred to investigations and government operations
Jun 02, 2011 reported and committed to finance
Mar 17, 2011 referred to investigations and government operations

Votes

view votes

May 1, 2012 - Finance committee Vote

S4088A
33
0
committee
33
Aye
0
Nay
1
Aye with Reservations
0
Absent
1
Excused
0
Abstained
show Finance committee vote details

Apr 18, 2012 - Investigations and Government Operations committee Vote

S4088A
7
0
committee
7
Aye
0
Nay
1
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Investigations and Government Operations committee vote details

Investigations and Government Operations Committee Vote: Apr 18, 2012

aye wr (1)

Jun 2, 2011 - Investigations and Government Operations committee Vote

S4088
7
0
committee
7
Aye
0
Nay
1
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show committee vote details

Committee Vote: Jun 2, 2011

aye wr (1)

Bill Amendments

Original
A (Active)
Original
A (Active)

S4088 - Details

See Assembly Version of this Bill:
A9653
Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd §§606 & 210, Tax L
Versions Introduced in 2009-2010 Legislative Session:
S866

S4088 - Summary

Makes technical corrections to the conservation easement tax credit.

S4088 - Sponsor Memo

S4088 - Bill Text download pdf

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

                                  4088

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                             March 17, 2011
                               ___________

Introduced  by  Sen.  MARCELLINO  -- read twice and ordered printed, and
  when printed to be committed to the Committee  on  Investigations  and
  Government Operations

AN ACT to amend the tax law, in relation to making technical corrections
  to the conservation easement tax credit

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

  Section 1. Paragraph 1 of subsection (kk) of section 606  of  the  tax
law,  as added by section 1 of part F of chapter 62 of the laws of 2006,
is amended to read as follows:
  (1) Credit allowed. In the case of a taxpayer who owns  land  that  is
subject to a conservation easement held by a public or private conserva-
tion  agency, there shall be allowed a credit for twenty-five percent of
the [allowable school district, county and  town]  real  property  taxes
PAID  on  [such]  THE  land,  OR  PORTION  OF  THE  LAND, SUBJECT TO THE
EASEMENT. In no event shall the credit allowed under this subsection  in
combination  with any other credit for [such school district, county and
town] real property taxes under this section exceed such taxes.
  S 2. Subdivision 38 of section 210 of the tax law, as added by section
3 of part F of chapter 62 of the laws of 2006, is renumbered subdivision
43 and is amended to read as follows:
  43. Conservation easement tax credit. (1) Credit allowed. In the  case
of  a  taxpayer who owns land that is subject to a conservation easement
held by a public or private conservation agency, there shall be  allowed
a  credit  for  twenty-five  percent  of the [allowable school district,
county and town] real property taxes PAID on [such] THE land, OR PORTION
OF THE LAND, SUBJECT TO THE EASEMENT. In no such case shall  the  credit
allowed  under this subdivision in combination with any other credit for
[such school district, county and town] real property taxes  under  this
section exceed such taxes.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02983-01-1

S4088A (ACTIVE) - Details

See Assembly Version of this Bill:
A9653
Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd §§606 & 210, Tax L
Versions Introduced in 2009-2010 Legislative Session:
S866

S4088A (ACTIVE) - Summary

Makes technical corrections to the conservation easement tax credit.

S4088A (ACTIVE) - Sponsor Memo

S4088A (ACTIVE) - Bill Text download pdf

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

                                 4088--A

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                             March 17, 2011
                               ___________

Introduced  by  Sen.  MARCELLINO  -- read twice and ordered printed, and
  when printed to be committed to the Committee  on  Investigations  and
  Government  Operations  --  recommitted  to  the Committee on Investi-
  gations and Government Operations in accordance 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 making technical corrections
  to the conservation easement tax credit

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

  Section  1.  Paragraph  1 of subsection (kk) of section 606 of the tax
law, as added by section 1 of part F of chapter 62 of the laws of  2006,
is amended to read as follows:
  (1)  Credit  allowed.  In the case of a taxpayer who owns land that is
subject to a conservation easement held by a public or private conserva-
tion agency, there shall be allowed a credit for twenty-five percent  of
the  [allowable  school  district,  county and town] real property taxes
PAID on [such] THE  land,  OR  PORTION  OF  THE  LAND,  SUBJECT  TO  THE
EASEMENT.  In no event shall the credit allowed under this subsection in
combination with any other credit for [such school district, county  and
town] real property taxes under this section exceed such taxes.
  S 2. Subdivision 38 of section 210 of the tax law, as added by section
3 of part F of chapter 62 of the laws of 2006, is renumbered subdivision
45 and is amended to read as follows:
  45.  Conservation easement tax credit. (1) Credit allowed. In the case
of a taxpayer who owns land that is subject to a  conservation  easement
held  by a public or private conservation agency, there shall be allowed
a credit for twenty-five percent  of  the  [allowable  school  district,
county and town] real property taxes PAID on [such] THE land, OR PORTION
OF  THE  LAND, SUBJECT TO THE EASEMENT. In no such case shall the credit
allowed under this subdivision in combination with any other credit  for

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02983-02-2

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