Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Nov 20, 2015 |
vetoed memo.252 |
Nov 10, 2015 |
delivered to governor |
Jun 24, 2015 |
returned to senate passed assembly ordered to third reading rules cal.729 substituted for a1276 |
Jun 24, 2015 |
substituted by s2967a rules report cal.729 reported |
Jun 19, 2015 |
reported referred to rules |
Jan 09, 2015 |
referred to ways and means |
Assembly Bill A1276
Vetoed By Governor2015-2016 Legislative Session
Sponsored By
LAVINE
Archive: Last Bill Status Via S2967 - Vetoed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Vetoed By Governor
- Signed By Governor
Actions
Votes
co-Sponsors
Albert A. Stirpe
William Magnarelli
Guillermo Linares
Donna Lupardo
multi-Sponsors
Barbara Lifton
Peter Lopez
John T. McDonald III
Philip Palmesano
2015-A1276 (ACTIVE) - Details
2015-A1276 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1276 2015-2016 Regular Sessions I N A S S E M B L Y January 9, 2015 ___________ Introduced by M. of A. LAVINE, STIRPE -- Multi-Sponsored by -- M. of A. McDONALD, SCHIMEL -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to providing a tax credit for universal visitability THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 606 of the tax law is amended by adding a new subsection (ccc) to read as follows: (CCC) UNIVERSAL VISITABILITY TAX CREDIT. 1. FOR TAXABLE YEARS BEGIN- NING ON OR AFTER APRIL FIRST, TWO THOUSAND SEVENTEEN, A RESIDENT TAXPAY- ER SHALL BE ALLOWED A CREDIT AGAINST THE TAX IMPOSED BY THIS ARTICLE FOR A PORTION OF THE TOTAL PURCHASE PRICE PAID BY SUCH RESIDENT TAXPAYER FOR A NEW PRINCIPAL RESIDENCE ATTRIBUTABLE TO UNIVERSAL VISITABILITY OR THE TOTAL AMOUNT EXPENDED BY A RESIDENT TAXPAYER TO RETROFIT AN EXISTING PRINCIPAL RESIDENCE TO ACHIEVE UNIVERSAL VISITABILITY PROVIDED THAT THE NEW PRINCIPAL RESIDENCE OR THE RETROFITTING OF THE EXISTING PRINCIPAL RESIDENCE IS LOCATED WITHIN THIS STATE AND DESIGNED TO PROVIDE UNIVERSAL VISITABILITY AS DEFINED THROUGH THE ELIGIBILITY REQUIREMENTS ESTABLISHED BY GUIDELINES DEVELOPED BY THE DIVISION OF CODE ENFORCEMENT AND ADMINIS- TRATION WITHIN THE DEPARTMENT OF STATE. 2. THE CREDIT SHALL BE ALLOWED FOR THE TAXABLE YEAR IN WHICH THE RESI- DENCE HAS BEEN PURCHASED OR CONSTRUCTED, OR THE RETROFITTING OR RENO- VATION OF THE RESIDENCE OR RESIDENTIAL UNIT HAS BEEN COMPLETED. THE CREDIT ALLOWED UNDER THIS SECTION SHALL NOT EXCEED (I) TWENTY-SEVEN HUNDRED FIFTY DOLLARS FOR THE PURCHASE OF A NEW RESIDENCE, OR (II) FIFTY PERCENT OF THE TOTAL AMOUNT EXPENDED, BUT NOT TO EXCEED TWENTY-SEVEN HUNDRED FIFTY DOLLARS FOR THE RETROFITTING OR RENOVATION OF EACH EXIST- ING RESIDENCE OR UNIT. 3. NO CREDIT SHALL BE ALLOWED UNDER THIS SECTION FOR THE PURCHASE, RETROFITTING OR RENOVATION OF RESIDENTIAL RENTAL PROPERTY. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02817-01-5
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