Senate Bill S6942

2011-2012 Legislative Session

Relates to brownfield site cleanup; repealer

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Rules Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2011-S6942 (ACTIVE) - Details

Current Committee:
Senate Rules
Law Section:
Tax Law
Laws Affected:
Amd §§21, 22 & 23, Tax L; rpld part H §31, Chap 1 of 2003
Versions Introduced in 2013-2014 Legislative Session:
S1708

2011-S6942 (ACTIVE) - Summary

Relates to brownfield site cleanup; relates to the repeal of certain brownfield redevelopment tax credits.

2011-S6942 (ACTIVE) - Sponsor Memo

2011-S6942 (ACTIVE) - Bill Text download pdf

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

                                  6942

                            I N  S E N A T E

                             April 13, 2012
                               ___________

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

AN ACT to amend the tax law, in relation to brownfield site cleanup; and
  to repeal section 31 of part H of chapter 1 of the laws of 2003 amend-
  ing the tax law relating  to  brownfield  redevelopment  tax  credits,
  relating thereto

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

  Section 1.  Paragraph 6 of subdivision (b) of section 21  of  the  tax
law,  as  amended  by  section 1 of part H of chapter 577 of the laws of
2004, subparagraph (B) and the closing paragraph as amended by section 1
of part G of chapter 62 of the laws of  2006,  is  amended  to  read  as
follows:
  (6) Environmental zones (EN-Zones). An "environmental zone" shall mean
an  area designated as such by the commissioner of economic development.
Such areas so designated are areas which are  census  tracts  and  block
numbering  areas  which,  as  of  the [two thousand] MOST RECENT census,
satisfy either of the following criteria:
  (A) areas that have both:
  (i) a poverty rate of at least twenty percent for the  year  to  which
the data relate; and
  (ii)  an  unemployment  rate of at least one and one-quarter times the
statewide unemployment rate for the year to which the data relate, or;
  (B) areas that have a poverty rate of at least two times  the  poverty
rate for the county in which the areas are located for the year to which
the  data relate [provided, however, that a qualified site shall only be
deemed to be located in an environmental zone  under  this  subparagraph
(B)  if such site was the subject of a brownfield site cleanup agreement
pursuant to section 27-1409 of the environmental conservation  law  that
was entered into prior to September first, two thousand ten].
  Such  designation  shall  be made and a list of all such environmental
zones shall be established by the commissioner of  economic  development
no later than December thirty-first, two thousand [four provided, howev-

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

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