assembly Bill A6979A

2013-2014 Legislative Session

Increases the maximum award available under the historic preservation tax credit

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee


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

Your Voice

do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

view actions (4)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to ways and means
Dec 04, 2013 print number 6979a
Dec 04, 2013 amend and recommit to ways and means
Apr 29, 2013 referred to ways and means

Co-Sponsors

view additional co-sponsors

Multi-Sponsors

A6979 - Details

See Senate Version of this Bill:
S4642
Law Section:
Tax Law
Laws Affected:
Amd §§606, 210, 1456 & 1511, Tax L
Versions Introduced in Other Legislative Sessions:
2015-2016: A6670, S3631
2017-2018: S5161

A6979 - Summary

Increases the maximum award available under the historic preservation tax credit from five million dollars to twelve million dollars over a period of three years.

A6979 - Bill Text download pdf

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

                                  6979

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                             April 29, 2013
                               ___________

Introduced  by  M.  of A. ENGLEBRIGHT, FAHY, McDONALD, PEOPLES-STOKES --
  read once and referred to the Committee on Ways and Means

AN ACT to amend the tax law, in relation to increasing the maximum award
  available under the historic preservation tax  credit;  and  providing
  for the repeal of such provisions upon expiration thereof

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

  Section 1. Subparagraph (A) of  paragraph  1  of  subsection  (oo)  of
section 606 of the tax law, as amended by section 1 of part F of chapter
59 of the laws of 2013, is amended to read as follows:
  (A)  For  taxable years beginning on or after January first, two thou-
sand ten and before January first, two thousand twenty, a taxpayer shall
be allowed a credit as hereinafter provided, against the tax imposed  by
this article, in an amount equal to one hundred percent of the amount of
credit  allowed the taxpayer with respect to a certified historic struc-
ture under subsection (a) (2) of section  47  of  the  federal  internal
revenue  code  with  respect  to  a certified historic structure located
within the state. Provided, however, the credit shall not exceed  [five]
SEVEN  million  dollars  IN  STATE FISCAL YEAR TWO THOUSAND FIFTEEN--TWO
THOUSAND SIXTEEN, NINE MILLION DOLLARS IN STATE FISCAL YEAR TWO THOUSAND
SIXTEEN--TWO THOUSAND SEVENTEEN AND  TWELVE  MILLION  DOLLARS  IN  STATE
FISCAL  YEAR TWO THOUSAND SEVENTEEN--TWO THOUSAND EIGHTEEN.  For taxable
years beginning on or  after  January  first,  two  thousand  twenty,  a
taxpayer  shall be allowed a credit as hereinafter provided, against the
tax imposed by this article, in an amount equal to thirty percent of the
amount of credit allowed  the  taxpayer  with  respect  to  a  certified
historic  structure under subsection (a)(2) of section 47 of the federal
internal revenue code with respect to  a  certified  historic  structure
located within the state; provided, however, the credit shall not exceed
one hundred thousand dollars.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04642-04-3

Co-Sponsors

view additional co-sponsors

Multi-Sponsors

A6979A (ACTIVE) - Details

See Senate Version of this Bill:
S4642
Law Section:
Tax Law
Laws Affected:
Amd §§606, 210, 1456 & 1511, Tax L
Versions Introduced in Other Legislative Sessions:
2015-2016: A6670, S3631
2017-2018: S5161

A6979A (ACTIVE) - Summary

Increases the maximum award available under the historic preservation tax credit from five million dollars to twelve million dollars over a period of three years.

A6979A (ACTIVE) - Bill Text download pdf

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

                                 6979--A

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                             April 29, 2013
                               ___________

Introduced  by  M.  of  A.  ENGLEBRIGHT, FAHY, McDONALD, PEOPLES-STOKES,
  LUPARDO, GALEF, OTIS -- Multi-Sponsored by -- M. of A. MAYER  --  read
  once  and  referred  to  the  Committee on Ways and Means -- committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

AN ACT to amend the tax law, in relation to increasing the maximum award
  available under the historic preservation tax  credit;  and  providing
  for the repeal of such provisions upon expiration thereof

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

  Section 1. Subparagraph (A) of  paragraph  1  of  subsection  (oo)  of
section 606 of the tax law, as amended by section 1 of part F of chapter
59 of the laws of 2013, is amended to read as follows:
  (A)  For  taxable years beginning on or after January first, two thou-
sand ten and before January first, two thousand twenty, a taxpayer shall
be allowed a credit as hereinafter provided, against the tax imposed  by
this article, in an amount equal to one hundred percent of the amount of
credit  allowed the taxpayer with respect to a certified historic struc-
ture under subsection (a) (2) of section  47  of  the  federal  internal
revenue  code  with  respect  to  a certified historic structure located
within the state. Provided, however, the credit shall not exceed  [five]
SEVEN  million  dollars  IN  STATE FISCAL YEAR TWO THOUSAND SIXTEEN--TWO
THOUSAND SEVENTEEN, NINE MILLION DOLLARS IN STATE FISCAL YEAR TWO  THOU-
SAND  SEVENTEEN--TWO  THOUSAND  EIGHTEEN  AND  TWELVE MILLION DOLLARS IN
STATE FISCAL YEAR TWO THOUSAND EIGHTEEN--TWO  THOUSAND  NINETEEN.    For
taxable  years beginning on or after January first, two thousand twenty,
a taxpayer shall be allowed a credit as  hereinafter  provided,  against
the tax imposed by this article, in an amount equal to thirty percent of
the  amount  of  credit allowed the taxpayer with respect to a certified
historic structure under subsection (a)(2) of section 47 of the  federal
internal  revenue  code  with  respect to a certified historic structure

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04642-08-3

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.