|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Dec 29, 2014||tabled|
|Dec 17, 2014||delivered to governor|
|Jun 20, 2014||returned to assembly|
3rd reading cal.1588
substituted for s7878
|Jun 20, 2014||substituted by a10135|
|Jun 18, 2014||ordered to third reading cal.1588|
committee discharged and committed to rules
|Jun 16, 2014||referred to finance|
senate Bill S7878Vetoed By Governor
Archive: Last Bill Status Via A10135 - Vetoed by Governor
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Vetoed by Governor
S7878 - Details
- See Assembly Version of this Bill:
- Law Section:
- Public Authorities Law
- Laws Affected:
- Amd Part H §31, Chap 1 of 2003, amd §1285-q, Pub Auth L
S7878 - Summary
Relates to the eligibility for participation in the brownfield cleanup program; makes appropriation therefor.
S7878 - Sponsor Memo
BILL NUMBER:S7878 REVISED MEMO 06/17/2014 TITLE OF BILL: An act to amend part H of chapter 1 of the laws of 2003, amending the tax law relating to brownfield redevelopment tax credits, remediated brownfield credit for real property taxes for qualified sites and environmental remediation insurance credits, in relation to tax credits for certain sites; to amend the public authorities law, in relation to the superfund program; and making an appropriation therefor PURPOSE: To extend the sunset of the brownfield cleanup program, and to authorize refinancing of the State Superfund program. SUMMARY OF SPECIFIC PROVISIONS: This bill would: *extend the brownfields cleanup program sunset to March 31, 2017; *authorize refinancing of the State Superfund Program until March 31, 2017; and *appropriate $100 million to the hazardous waste cleanup account. JUSTIFICATION: This bill would extend the December 31, 2015 sunset of the brownfield
S7878 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7878 I N S E N A T E June 16, 2014 ___________ Introduced by Sen. GRISANTI -- read twice and ordered printed, and when printed to be committed to the Committee on Finance AN ACT to amend part H of chapter 1 of the laws of 2003, amending the tax law relating to brownfield redevelopment tax credits, remediated brownfield credit for real property taxes for qualified sites and environmental remediation insurance credits, in relation to tax cred- its for certain sites; to amend the public authorities law, in relation to the superfund program; and making an appropriation there- for THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 31 of part H of chapter 1 of the laws of 2003, amending the tax law relating to brownfield redevelopment tax credits, remediated brownfield credit for real property taxes for qualified sites and environmental remediation insurance credits, as amended by chapter 474 of the laws of 2012, is amended to read as follows: S 31. The tax credits allowed under section 21, 22 or 23 of the tax law and the corresponding provisions in articles 9, 9-A, 22, 32 and 33 of the tax law, as added by the provisions of sections one through twen- ty-nine of this act, shall not be applicable if the [remediation] certificate OF COMPLETION required to qualify for any of such credits is issued after [December 31, 2015] MARCH 31, 2017. S 2. Subdivision 3 of section 1285-q of the public authorities law, as added by section 6 of part I of chapter 1 of the laws of 2003, is amended to read as follows: 3. The maximum amount of bonds that may be issued for the purpose of financing hazardous waste site remediation projects authorized by this section shall not exceed one billion [two] FIVE hundred million dollars and shall not exceed one hundred twenty million dollars for appropri- ations enacted for any state fiscal year, provided that the bonds not issued for such appropriations may be issued pursuant to reappropriation in subsequent fiscal years. No bonds shall be issued for the repayment of any new appropriation enacted after March thirty-first, two thousand [thirteen] SEVENTEEN for hazardous waste site remediation projects EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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.