senate Bill S2206

2013-2014 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 -

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

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view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to investigations and government operations
Jan 14, 2013 referred to investigations and government operations


S2206 - Details

See Assembly Version of this Bill:
Law Section:
Tax Law
Laws Affected:
Amd ยง606, Tax L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S758A, A2678A
2009-2010: S4682, A4364

S2206 - Summary

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

S2206 - Sponsor Memo

S2206 - Bill Text download pdf

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


                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            January 14, 2013

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


  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
  (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.


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