Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Apr 10, 2018 |
enacting clause stricken |
Jan 03, 2018 |
referred to ways and means |
Jan 13, 2017 |
referred to ways and means |
Assembly Bill A1898
2017-2018 Legislative Session
Sponsored By
HARRIS
Archive: Last Bill Status - Stricken
- 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
co-Sponsors
Alicia Hyndman
Anthony D'Urso
William Colton
Felix Ortiz
multi-Sponsors
Vivian Cook
Clifford Crouch
Jo Anne Simon
2017-A1898 (ACTIVE) - Details
2017-A1898 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1898 2017-2018 Regular Sessions I N A S S E M B L Y January 13, 2017 ___________ Introduced by M. of A. HARRIS -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to credits against tax for homeowners and businesses who invest in green infrastructure 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) CREDIT FOR HOMEOWNERS AND BUSINESSES TO INVEST IN GREEN INFRAS- TRUCTURE. (1) HOMEOWNERS WHO CONSTRUCT GREEN INFRASTRUCTURE AS PART OF THEIR REAL PROPERTY, DURING THE TAXABLE YEAR, SHALL BE ELIGIBLE TO RECEIVE A TAX CREDIT FOR UP TO FIFTY PERCENT OF THE COST OF CONSTRUCTION, NOT EXCEEDING FIVE THOUSAND DOLLARS. (2) BUSINESSES WHO CONSTRUCT GREEN INFRASTRUCTURE AS PART OF THEIR REAL PROPERTY, DURING THE TAXABLE YEAR, SHALL BE ELIGIBLE TO RECEIVE A TAX CREDIT FOR UP TO FIFTY PERCENT OF THE COST OF CONSTRUCTION, NOT EXCEEDING FIVE THOUSAND DOLLARS. (3) FOR PURPOSES OF THIS SUBSECTION, THE FOLLOWING DEFINITIONS SHALL APPLY: (A) "HOMEOWNER" IS DEFINED AS A NEW YORK RESIDENT FOR THE PAST TWEN- TY-FOUR MONTHS AND WHO OWNS A SINGLE FAMILY OR MULTI-FAMILY DWELLING FOR RESIDENTIAL PURPOSES WITHIN NEW YORK STATE. (B) "BUSINESS" SHALL MEAN ANY BUSINESS WHOSE PRINCIPAL PLACE OF BUSI- NESS IS LOCATED IN NEW YORK STATE, AND HAS BEEN LOCATED IN THE STATE FOR THE PREVIOUS THIRTY-SIX MONTHS. (C) "GREEN INFRASTRUCTURE" SHALL MEAN ANY COST-EFFECTIVE, RESILIENT APPROACH TO MANAGING WET WEATHER IMPACTS THAT PROVIDES MANY COMMUNITY BENEFITS. FOR EXAMPLE, WHILE SINGLE-PURPOSE GRAY STORMWATER INFRASTRUC- TURE, CONVENTIONAL PIPED DRAINAGE AND WATER TREATMENT SYSTEMS ARE DESIGNED TO MOVE URBAN STORMWATER AWAY FROM THE BUILT ENVIRONMENT, GREEN INFRASTRUCTURE REDUCES AND TREATS STORMWATER AT ITS SOURCE WHILE DELIV- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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