Assembly Actions - Lowercase Senate Actions - UPPERCASE |
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Feb 13, 2018 | print number 5161b |
Feb 13, 2018 | amend and recommit to investigations and government operations |
Jan 03, 2018 | referred to investigations and government operations |
May 23, 2017 | print number 5161a |
May 23, 2017 | amend (t) and recommit to investigations and government operations |
Mar 09, 2017 | referred to investigations and government operations |
senate Bill S5161B
Sponsored By
Michael H. Ranzenhofer
(R, C, IP) 0 Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
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Actions
Bill Amendments
Co-Sponsors
David Carlucci
(D) 0 Senate District
Rich Funke
(R, C, IP) 0 Senate District
S5161 - Details
S5161 - Sponsor Memo
BILL NUMBER: S5161 TITLE OF BILL : An act to amend the tax law, in relation to increasing the maximum award available under the historic preservation tax credit; and providing for the repeal of such provisions upon expiration thereof PURPOSE : To increase the maximum award under the historic preservation tax cap to $7 million in SFY 2018-19, $9 million in SFY 2019-20, and $12 million for SFY 2020-21. SUMMARY OF SPECIFIC PROVISIONS : Section 1 - amends the Tax Law section 606 (A)1(oo) to increase the maximum award under the Historic Preservation Tax Cap to $7 million in SFY 201-20, $9 million in SFY 2020-21, and $12 million for SFY 2021-22. Section 2 - amends the Tax Law section 210-a 26a(i) to increase the maximum award under the Historic Preservation Tax Cap to $7 million in SFY 2019-20, $9 million in SFY 2020-21, and $12 million for SFY 2021-22.
S5161 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5161 2017-2018 Regular Sessions I N S E N A T E March 9, 2017 ___________ Introduced by Sens. RANZENHOFER, CARLUCCI, FUNKE -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations AN ACT to amend the tax law, in relation to increasing the maximum award available under the historic preservation tax credit; and providing for the repeal of such provisions upon expiration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph (A) of paragraph 1 of subsection (oo) of section 606 of the tax law, as amended by section 1 of part F of chapter 59 of the laws of 2013, is amended to read as follows: (A) For taxable years beginning on or after January first, two thou- sand ten and before January first, two thousand twenty, a taxpayer shall be allowed a credit as hereinafter provided, against the tax imposed by this article, in an amount equal to one hundred percent of the amount of credit allowed the taxpayer with respect to a certified historic struc- ture 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] SEVEN million dollars IN STATE FISCAL YEAR TWO THOUSAND NINETEEN--TWO THOUSAND TWENTY, NINE MILLION DOLLARS IN STATE FISCAL YEAR TWO THOUSAND TWENTY--TWO THOUSAND TWENTY-ONE AND TWELVE MILLION DOLLARS IN STATE FISCAL YEAR TWO THOUSAND TWENTY-ONE--TWO THOUSAND TWENTY-TWO. For taxa- ble years beginning on or after January first, two thousand twenty, a taxpayer shall be allowed a credit as hereinafter provided, against the tax imposed by this article, 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 state; provided, however, the credit shall not exceed one hundred thousand dollars. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
Co-Sponsors
David Carlucci
(D) 0 Senate District
Rich Funke
(R, C, IP) 0 Senate District
S5161A - Details
S5161A - Sponsor Memo
BILL NUMBER: S5161A TITLE OF BILL : An act to amend the tax law, in relation to increasing the maximum award available under the historic preservation tax credit PURPOSE : To increase the maximum award under the historic preservation tax cap to $7 million in SFY 2018-19, $9 million in SFY 2019-20, and $12 million for SFY 2020-21. SUMMARY OF SPECIFIC PROVISIONS : Section 1 - amends the Tax Law section 606 (A)1(oo) to increase the maximum award under the Historic Preservation Tax Cap to $7 million in SFY 201-20, $9 million in SFY 2020-21, and $12 million for SFY 2021-22. Section 2 - amends the Tax Law section 210-a 26a(i) to increase the maximum award under the Historic Preservation Tax Cap to $7 million in SFY 2019-20, $9 million in SFY 2020-21, and $12 million for SFY 2021-22. Section 3 - amends the Tax Law section 1511 (y)1(A) to increase the maximum award under the Historic Preservation Tax Cap to $7 million in
S5161A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5161--A 2017-2018 Regular Sessions I N S E N A T E March 9, 2017 ___________ Introduced by Sens. RANZENHOFER, CARLUCCI, FUNKE -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee AN ACT to amend the tax law, in relation to increasing the maximum award available under the historic preservation tax credit THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph (A) of paragraph 1 of subsection (oo) of section 606 of the tax law, as amended by section 1 of part F of chapter 59 of the laws of 2013, is amended to read as follows: (A) For taxable years beginning on or after January first, two thou- sand ten and before January first, two thousand twenty, a taxpayer shall be allowed a credit as hereinafter provided, against the tax imposed by this article, in an amount equal to one hundred percent of the amount of credit allowed the taxpayer with respect to a certified historic struc- ture 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] SEVEN million dollars IN STATE FISCAL YEAR TWO THOUSAND EIGHTEEN--TWO THOUSAND NINETEEN AND NINE MILLION DOLLARS IN STATE FISCAL YEAR TWO THOUSAND NINETEEN--TWO THOUSAND TWENTY. For taxable years beginning on or after January first, two thousand twenty, a taxpayer shall be allowed a credit as hereinafter provided, against the tax imposed by this arti- cle, 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 state; provided, however, the credit shall not exceed one hundred thou- sand dollars. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
Co-Sponsors
David Carlucci
(D) 0 Senate District
Rich Funke
(R, C, IP) 0 Senate District
S5161B (ACTIVE) - Details
S5161B (ACTIVE) - Sponsor Memo
BILL NUMBER: S5161B SPONSOR: RANZENHOFER TITLE OF BILL: An act to amend the tax law, in relation to increasing the maximum award available under the historic preservation tax credit PURPOSE: To increase the maximum award under the historic preservation tax cap to $7 million in SFY 2019-20, and $9 million in SFY 2020-21. SUMMARY OF SPECIFIC PROVISIONS: Section 1 - amends the Tax Law section 606 (A)1(oo) to increase the maximum award under the Historic Preservation Tax Cap to $7 million in SFY 2019-20, and $9 million in SFY 2020-21. Section 2 - amends the Tax Law section 210-a 26a(i) to increase the maximum award under the Historic Preservation Tax Cap to $7 million in
S5161B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5161--B 2017-2018 Regular Sessions I N S E N A T E March 9, 2017 ___________ Introduced by Sens. RANZENHOFER, CARLUCCI, FUNKE -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee -- recommitted to the Committee on Investigations and Government Operations in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to increasing the maximum award available under the historic preservation tax credit THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph (A) of paragraph 1 of subsection (oo) of section 606 of the tax law, as amended by section 1 of part F of chapter 59 of the laws of 2013, is amended to read as follows: (A) For taxable years beginning on or after January first, two thou- sand ten and before January first, two thousand [twenty] TWENTY-TWO, a taxpayer shall be allowed a credit as hereinafter provided, against the tax imposed by this article, 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] SEVEN million dollars IN STATE FISCAL YEAR TWO THOUSAND NINE- TEEN--TWO THOUSAND TWENTY AND NINE MILLION DOLLARS IN STATE FISCAL YEAR TWO THOUSAND TWENTY--TWO THOUSAND TWENTY-ONE. For taxable years begin- ning on or after January first, two thousand [twenty] TWENTY-TWO, a taxpayer shall be allowed a credit as hereinafter provided, against the tax imposed by this article, 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 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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