|
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
|---|---|
| May 07, 2014 |
referred to ways and means delivered to assembly passed senate |
| May 05, 2014 |
advanced to third reading |
| Apr 30, 2014 |
2nd report cal. |
| Apr 29, 2014 |
1st report cal.429 |
| Jan 27, 2014 |
print number 3631a |
| Jan 27, 2014 |
amend and recommit to investigations and government operations |
| Jan 08, 2014 |
referred to investigations and government operations returned to senate died in assembly |
| May 08, 2013 |
referred to ways and means delivered to assembly passed senate |
| Apr 22, 2013 |
advanced to third reading |
| Apr 17, 2013 |
2nd report cal. |
| Apr 16, 2013 |
1st report cal.312 |
| Feb 07, 2013 |
referred to investigations and government operations |
Senate Bill S3631A
2013-2014 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Assembly 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
Actions
Votes
Bill Amendments
2013-S3631 - Details
2013-S3631 - Sponsor Memo
BILL NUMBER:S3631
TITLE OF BILL: An act to amend the tax law, in relation to making tech-
nical corrections to the conservation easement tax credit
PURPOSE: To make a technical correction to 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.
SUMMARY OF PROVISIONS: Section 1 and 2 make technical corrections to
Chapter 62 of the laws of 2006 to allow the tax credit to be applied to
all classifications of land subject to the easement, including village
taxes.
JUSTIFICATION: An income tax credit for real property taxes paid on land
under a conservation easement will help landowners bear the annual
carrying costs of land that provides multiple public benefits. This
income tax credit will have a large impact on those landowners who have
modest incomes and are unlikely to benefit significantly from existing
tax deductions. An income tax credit will provide them with an incentive
to make a gift to perpetually conserved land that they otherwise could
not afford to make.
LEGISLATIVE HISTORY: 2011-12:S. 4088-A Passed Senate/A. 9653 Ways and
Means 2009-10:S. 866 Investigations and Government Operations/A. 5876
Ways and Means 2007-08:S. 4368-A Passed Senate/A. 7134-B Passed Assem-
2013-S3631 - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
3631
2013-2014 Regular Sessions
I N S E N A T E
February 7, 2013
___________
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
46 and is amended to read as follows:
46. 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.
LBD07849-01-3
2013-S3631A (ACTIVE) - Details
2013-S3631A (ACTIVE) - Sponsor Memo
BILL NUMBER:S3631A
TITLE OF BILL: An act to amend the tax law, in relation to making tech-
nical corrections to the conservation easement tax credit
PURPOSE:
To make a technical correction to 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.
SUMMARY OF PROVISIONS:
Section 1 and 2 make technical corrections to Chapter 62 of the laws of
2006 to allow the tax credit to be applied to all classifications of
land subject to the easement, including village taxes.
JUSTIFICATION:
An income tax credit for real property taxes paid on land under a
conservation easement will help landowners bear the annual carrying
costs of land that provides multiple public benefits. This income tax
credit will have a large impact on those landowners who have modest
incomes and are unlikely to benefit significantly from existing tax
deductions. An income tax credit will provide them with an incentive to
make a gift to perpetually conserved land that they otherwise could not
2013-S3631A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
3631--A
2013-2014 Regular Sessions
I N S E N A T E
February 7, 2013
___________
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
48 and is amended to read as follows:
48. 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.
LBD07849-02-4
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