senate Bill S3701

2013-2014 Legislative Session

Qualifies a certain parcel of land commonly known as the Huntley Apartments for a tax credit for rehabilitation of historic property

download bill text pdf

Sponsored By

Archive: Last Bill Status - STRICKEN


  • 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 (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Apr 28, 2014 recommit, enacting clause stricken
Jan 08, 2014 referred to investigations and government operations
returned to senate
died in assembly
Jun 13, 2013 referred to ways and means
delivered to assembly
passed senate
Jun 10, 2013 ordered to third reading cal.1188
committee discharged and committed to rules
May 21, 2013 reported and committed to finance
Feb 11, 2013 referred to investigations and government operations

Votes

view votes

Jun 10, 2013 - Rules committee Vote

S3701
24
0
committee
24
Aye
0
Nay
1
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Rules committee vote details

May 21, 2013 - Investigations and Government Operations committee Vote

S3701
9
0
committee
9
Aye
0
Nay
0
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Investigations and Government Operations committee vote details

Investigations and Government Operations Committee Vote: May 21, 2013

S3701 - Details

See Assembly Version of this Bill:
A1855
Current Committee:
Law Section:
Taxation
Versions Introduced in 2011-2012 Legislative Session:
S7557, A9532

S3701 - Summary

Qualifies a certain parcel of land commonly known as the Huntley Apartments for a tax credit for rehabilitation of historic property.

S3701 - Sponsor Memo

S3701 - Bill Text download pdf

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

                                  3701

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            February 11, 2013
                               ___________

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

AN ACT in relation to qualifying a certain parcel of land located in the
  city of Syracuse, county of Onondaga for a tax  credit  for  rehabili-
  tation of historic property

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

  Section 1. Notwithstanding any provision of subsection (oo) of section
606 of the tax law or any other provision of law to  the  contrary,  the
owners  of all that tract or parcel of land situate in the city of Syra-
cuse, county of Onondaga, located  at  409  and  419-421  Stolp  Avenue,
otherwise known and distinguished as section 87, block 12, lots 113, 114
and  115 of the Stolp Addition and commonly known as the "Huntley Apart-
ments", shall qualify for a tax credit for  rehabilitation  of  historic
real property.
  For taxable years before January 1, 2016, the owners of all that tract
or  parcel  of land described above shall be allowed a credit as herein-
after provided, against the tax imposed by article 22 of the tax law, in
an amount equal to one hundred 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 five million dollars. For
taxable  years  beginning on or after January 1, 2016, the owners of all
that tract or parcel of land described above shall be allowed  a  credit
as  hereinafter  provided,  against the tax imposed by article 22 of the
tax law, 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

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD04514-01-3

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.