Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Feb 28, 2018 |
referred to housing |
Assembly Bill A9954
2017-2018 Legislative Session
Sponsored By
CYMBROWITZ
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
2017-A9954 (ACTIVE) - Details
- Current Committee:
- Assembly Housing
- Law Section:
- Public Housing Law
- Laws Affected:
- Amd §25, Pub Hous L
2017-A9954 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9954 I N A S S E M B L Y February 28, 2018 ___________ Introduced by M. of A. CYMBROWITZ -- read once and referred to the Committee on Housing AN ACT to amend the public housing law, in relation to the allocation of the New York state low-income housing tax credit to partners, limited liability company members and multiple owners THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 25 of the public housing law is amended by adding a new subdivision 3 to read as follows: 3. ON AND AFTER JUNE FIRST, TWO THOUSAND EIGHTEEN, THE CREDITS ALLOWED PURSUANT TO THIS ARTICLE TO A PARTNERSHIP, LIMITED LIABILITY COMPANY TAXED AS A PARTNERSHIP OR MULTIPLE OWNERS OF PROPERTY SHALL BE PASSED THROUGH TO THE PERSONS DESIGNATED AS PARTNERS, MEMBERS OR OWNERS PURSU- ANT TO AN EXECUTED AGREEMENT AMONG THE PERSONS DESIGNATED AS PARTNERS, MEMBERS OR OWNERS DOCUMENTING AN ALTERNATIVE DISTRIBUTION METHOD WITHOUT REGARD TO THEIR SHARING OF OTHER TAX OR ECONOMIC ATTRIBUTES OF THE ENTI- TY, INCLUDING BUT NOT LIMITED TO HOW THE FEDERAL LOW-INCOME HOUSING TAX CREDIT WITH RESPECT TO THE PROJECT IS ALLOCATED TO THE PARTNERS, MEMBERS OR OWNERS. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14668-03-8
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