Assembly Bill A6723

2019-2020 Legislative Session

Provides for the definition of "environmental zones" for purposes of the brownfield redevelopment tax credit

download bill text pdf

Sponsored By

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

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2019-A6723 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §21, Tax L
Versions Introduced in Other Legislative Sessions:
2013-2014: A9711
2015-2016: A2854
2017-2018: A1858

2019-A6723 (ACTIVE) - Summary

Provides for the definition of "environmental zones" for purposes of the brownfield redevelopment tax credit.

2019-A6723 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6723
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              March 15, 2019
                                ___________
 
 Introduced by M. of A. PEOPLES-STOKES, BLAKE -- Multi-Sponsored by -- M.
   of  A.  GLICK  --  read once and referred to the Committee on Ways and
   Means
 
 AN ACT to amend the tax law, in relation to the definition of  "environ-
   mental zones" for purposes of the brownfield redevelopment tax credit

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph 6 of subsection (b) of section 21 of the tax  law
 is amended by adding a new subparagraph (C) to read as follows:
   (C)  WITH  RESPECT  TO  ANY QUALIFIED SITE FOR WHICH THE DEPARTMENT OF
 ENVIRONMENTAL CONSERVATION HAS ISSUED A NOTICE TO THE  TAXPAYER  BETWEEN
 JANUARY  FIRST,  TWO  THOUSAND  ELEVEN  AND JUNE THIRTIETH, TWO THOUSAND
 NINETEEN THAT ITS REQUEST FOR  PARTICIPATION  HAS  BEEN  ACCEPTED  UNDER
 SUBDIVISION  SIX  OF  SECTION  27-1407 OF THE ENVIRONMENTAL CONSERVATION
 LAW, ENVIRONMENTAL ZONES SHALL INCLUDE SUCH AREAS THAT MEET THE CRITERIA
 CONTAINED IN SUBPARAGRAPH (A) OF THIS  PARAGRAPH  AS  CALCULATED  AS  OF
 JANUARY  FIRST  OF  THE  YEAR  IN WHICH THE ACCEPTANCE NOTICE WAS ISSUED
 USING EITHER THE MOST RECENT FIVE YEAR ESTIMATE FROM THE AMERICAN COMMU-
 NITY SURVEY PUBLISHED BY THE UNITES STATES CENSUS BUREAU OR  THE  CENSUS
 DATA FOR THE YEAR TWO THOUSAND.
   §  2.  This  act  shall take effect immediately and shall apply to any
 qualified sites for which the department of  environmental  conservation
 has issued a notice to the taxpayer on or after January 1, 2011 that its
 request  for  participation  has  been  accepted  under subdivision 6 of
 section  27-1407  of  the  environmental  conservation  law,   provided,
 further,  that  the  provisions  of  subparagraph  (C) of paragraph 6 of
 subsection (b) of section 21 of the tax law, as added by section one  of
 this  act  shall  apply  to  tax years beginning on and after January 1,
 2019.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD04696-01-9

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