assembly Bill A5950A

Vetoed By Governor
2017-2018 Legislative Session

Relates to a pilot program providing a tax credit for universal visitability

download bill text pdf

Sponsored By

Current Bill Status - Vetoed by Governor


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Vetoed by Governor

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Actions

view actions (17)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Oct 23, 2017 tabled
vetoed memo.158
Oct 11, 2017 delivered to governor
Jun 12, 2017 returned to assembly
passed senate
Jun 06, 2017 3rd reading cal.1061
substituted for s2411a
May 22, 2017 referred to rules
delivered to senate
passed assembly
ordered to third reading rules cal.68
rules report cal.68
reported
reported referred to rules
May 16, 2017 print number 5950a
May 16, 2017 amend (t) and recommit to ways and means
Feb 17, 2017 referred to ways and means

Co-Sponsors

Multi-Sponsors

A5950 - Details

See Senate Version of this Bill:
S2411A
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in Previous Legislative Sessions:
2015-2016: A9303B, S2967A, S6943A
2013-2014: A7537A, S3956C

A5950 - Summary

Relates to a credit for purchase, construction or retrofitting of a principal residence to achieve universal visitability pursuant to guidelines developed by the division of code enforcement and administration within the department of state; caps tax credits awarded at 1 million dollars per year for 5 years.

A5950 - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  5950

                       2017-2018 Regular Sessions

                          I N  A S S E M B L Y

                            February 17, 2017
                               ___________

Introduced  by  M. of A. LAVINE, BRINDISI, SEPULVEDA, McDONALD -- Multi-
  Sponsored by -- M. of A. ENGLEBRIGHT -- 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;  and  providing  for  the  repeal   of   such
  provisions upon the expiration thereof

  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 JANUARY FIRST, TWO THOUSAND  EIGHTEEN,  UNTIL  DECEMBER
THIRTY-FIRST,  TWO  THOUSAND  TWENTY-TWO,  A TAXPAYER SHALL BE ALLOWED A
CREDIT AGAINST THE TAX IMPOSED BY THIS ARTICLE  FOR  A  PORTION  OF  THE
TOTAL  PURCHASE  PRICE  PAID  BY SUCH TAXPAYER FOR A PRINCIPAL RESIDENCE
ATTRIBUTABLE TO UNIVERSAL VISITABILITY OR THE TOTAL AMOUNT EXPENDED BY A
TAXPAYER  TO  RETROFIT  AN  EXISTING  PRINCIPAL  RESIDENCE  TO   ACHIEVE
UNIVERSAL  VISITABILITY  PROVIDED  THAT  THE  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 ADMINISTRATION WITHIN THE DEPARTMENT OF
STATE.  FOR  THE  PURPOSE  OF THIS SUBSECTION, PRINCIPAL RESIDENCE SHALL
MEAN SUCH RESIDENCE PURSUANT TO SECTION ONE HUNDRED  TWENTY-ONE  OF  THE
INTERNAL REVENUE CODE.
  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

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08043-01-7

Co-Sponsors

Multi-Sponsors

A5950A (ACTIVE) - Details

See Senate Version of this Bill:
S2411A
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in Previous Legislative Sessions:
2015-2016: A9303B, S2967A, S6943A
2013-2014: A7537A, S3956C

A5950A (ACTIVE) - Summary

Relates to a credit for purchase, construction or retrofitting of a principal residence to achieve universal visitability pursuant to guidelines developed by the division of code enforcement and administration within the department of state; caps tax credits awarded at 1 million dollars per year for 5 years.

A5950A (ACTIVE) - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 5950--A

                       2017-2018 Regular Sessions

                          I N  A S S E M B L Y

                            February 17, 2017
                               ___________

Introduced  by  M.  of A. LAVINE, BRINDISI, SEPULVEDA, McDONALD, OTIS --
  Multi-Sponsored by -- M. of A. ENGLEBRIGHT, GALEF  --  read  once  and
  referred  to  the Committee on Ways and Means -- committee discharged,
  bill amended, ordered reprinted as amended  and  recommitted  to  said
  committee

AN  ACT  to amend the tax law, in relation to providing a tax credit for
  universal  visitability;  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. 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 JANUARY FIRST, TWO THOUSAND  EIGHTEEN,  UNTIL  DECEMBER
THIRTY-FIRST,  TWO  THOUSAND  TWENTY-TWO,  A TAXPAYER SHALL BE ALLOWED A
CREDIT AGAINST THE TAX IMPOSED BY THIS ARTICLE  FOR  A  PORTION  OF  THE
TOTAL  PURCHASE  PRICE  PAID  BY SUCH TAXPAYER FOR A PRINCIPAL RESIDENCE
ATTRIBUTABLE TO UNIVERSAL VISITABILITY OR THE TOTAL AMOUNT EXPENDED BY A
TAXPAYER  TO  RETROFIT  AN  EXISTING  PRINCIPAL  RESIDENCE  TO   ACHIEVE
UNIVERSAL  VISITABILITY  PROVIDED  THAT  THE  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 ADMINISTRATION WITHIN THE DEPARTMENT OF
STATE.  FOR  THE  PURPOSE  OF THIS SUBSECTION, PRINCIPAL RESIDENCE SHALL
MEAN SUCH RESIDENCE PURSUANT TO SECTION ONE HUNDRED  TWENTY-ONE  OF  THE
INTERNAL REVENUE CODE.
  (2)  THE  CREDIT  SHALL  BE  ALLOWED FOR THE TAXABLE YEAR IN WHICH THE
PRINCIPAL RESIDENCE HAS BEEN PURCHASED OR CONSTRUCTED, OR THE  RETROFIT-
TING  OR  RENOVATION  OF  THE  RESIDENCE  OR  RESIDENTIAL  UNIT HAS BEEN
COMPLETED, OR THE YEAR OF ALLOCATION TO  THE  TAXPAYER  AS  PROVIDED  IN

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08043-03-7

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