senate Bill S758A

2011-2012 Legislative Session

Alters the definition of a qualified historic home for the purposes of the historic homeownership rehabilitation credit

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Committee


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

do you support this bill?

Actions

view actions (4)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 04, 2012 referred to investigations and government operations
Apr 25, 2011 print number 758a
amend and recommit to investigations and government operations
Jan 05, 2011 referred to investigations and government operations

Bill Amendments

Original
A (Active)
Original
A (Active)

Co-Sponsors

S758 - Details

See Assembly Version of this Bill:
A2678A
Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in 2009-2010 Legislative Session:
S4682, A4364

S758 - Summary

Alters the definition of a qualified historic home for the purposes of the historic homeownership rehabilitation credit.

S758 - Sponsor Memo

S758 - Bill Text download pdf

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

                                   758

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 5, 2011
                               ___________

Introduced  by Sens. YOUNG, RANZENHOFER -- read twice and ordered print-
  ed, and when printed to be committed  to  the  Committee  on  Investi-
  gations and Government Operations

AN  ACT to amend the tax law, in relation to the definition of qualified
  historic home for the purposes of the historic homeownership rehabili-
  tation credit

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

  Section  1.  Subparagraph  (A)  of  paragraph  5 of subsection (pp) of
section 606 of the tax law, as added by chapter 547 of the laws of 2006,
clause (iv) as amended by chapter 239 of the laws of 2009, is amended to
read as follows:
  (A) The term "qualified historic home" means,  for  purposes  of  this
subsection,  a  certified  historic  structure  located  within New York
state:
  (i) which has been substantially rehabilitated,
  (ii) which, or any portion of which, is owned, in whole  or  part,  by
the taxpayer,
  (iii)  in  which the taxpayer resides during the taxable year in which
the taxpayer is allowed a credit under this subsection, and
  (iv) which is [in whole or in part a targeted  area  residence  within
the  meaning  of  section  143(j)  of  the  internal revenue code or is]
located within a census tract which is identified as being at  or  below
one hundred percent of the state median family income in the most recent
federal census.
  S 2. This act shall take effect immediately.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02630-01-1

Co-Sponsors

S758A (ACTIVE) - Details

See Assembly Version of this Bill:
A2678A
Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in 2009-2010 Legislative Session:
S4682, A4364

S758A (ACTIVE) - Summary

Alters the definition of a qualified historic home for the purposes of the historic homeownership rehabilitation credit.

S758A (ACTIVE) - Sponsor Memo

S758A (ACTIVE) - Bill Text download pdf

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

                                 758--A

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 5, 2011
                               ___________

Introduced  by Sens. YOUNG, RANZENHOFER -- read twice and ordered print-
  ed, and when printed to be committed  to  the  Committee  on  Investi-
  gations  and  Government  Operations  --  committee  discharged,  bill
  amended, ordered reprinted as amended and recommitted to said  commit-
  tee

AN  ACT to amend the tax law, in relation to the definition of qualified
  historic home for the purposes of the historic homeownership rehabili-
  tation credit

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

  Section  1.  Subparagraph  (A)  of  paragraph  5 of subsection (pp) of
section 606 of the tax law, as added by chapter 547 of the laws of 2006,
clause (iv) as amended by chapter 239 of the laws of 2009, is amended to
read as follows:
  (A) The term "qualified historic home" means,  for  purposes  of  this
subsection,  a  certified  historic  structure  located  within New York
state:
  (i) which has been substantially rehabilitated,
  (ii) which, or any portion of which, is owned, in whole  or  part,  by
the taxpayer, AND
  (iii)  in  which the taxpayer resides during the taxable year in which
the taxpayer is allowed a credit under this subsection[, and
  (iv) which is in whole or in part a targeted area residence within the
meaning of section 143(j) of the internal revenue  code  or  is  located
within  a  census  tract  which  is  identified as being at or below one
hundred percent of the state median family income  in  the  most  recent
federal census].
  S 2. This act shall take effect immediately.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02630-02-1

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.