Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 01, 2022 |
returned to assembly passed senate 3rd reading cal.1830 substituted for s7365a |
May 04, 2022 |
referred to budget and revenue delivered to senate passed assembly |
Mar 14, 2022 |
amended on third reading 3409a |
Jan 05, 2022 |
ordered to third reading cal.125 returned to assembly died in senate |
May 24, 2021 |
referred to investigations and government operations delivered to senate passed assembly |
May 13, 2021 |
advanced to third reading cal.354 |
May 11, 2021 |
reported |
Jan 26, 2021 |
referred to ways and means |
Assembly Bill A3409
2021-2022 Legislative Session
Sponsored By
LAVINE
Archive: Last Bill Status - Passed Senate & Assembly
- 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
Votes
Bill Amendments
co-Sponsors
Rebecca Seawright
Angelo Santabarbara
Marianne Buttenschon
Steven Otis
2021-A3409 - Details
- Law Section:
- Tax Law
- Laws Affected:
- Amd §606, Tax L
- Versions Introduced in 2021-2022 Legislative Session:
-
A3409
2021-A3409 - 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.
2021-A3409 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3409 2021-2022 Regular Sessions I N A S S E M B L Y January 26, 2021 ___________ Introduced by M. of A. LAVINE, SEAWRIGHT, SANTABARBARA, BUTTENSCHON, OTIS, WEPRIN -- 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 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 (kkk) to read as follows: (KKK) UNIVERSAL VISITABILITY TAX CREDIT. (1) FOR TAXABLE YEARS BEGIN- NING ON OR AFTER JANUARY FIRST, TWO THOUSAND TWENTY-TWO, UNTIL DECEMBER THIRTY-FIRST, TWO THOUSAND TWENTY-SIX, 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 PARAGRAPH SEVEN OF THIS SUBSECTION. THE CREDIT ALLOWED UNDER THIS SUBSECTION SHALL NOT EXCEED (A) TWENTY-SEVEN HUNDRED FIFTY DOLLARS FOR THE PURCHASE OF A NEW RESIDENCE, OR (B) FIFTY PERCENT OF THE TOTAL AMOUNT EXPENDED, BUT NOT TO EXCEED TWENTY-SEVEN HUNDRED FIFTY DOLLARS FOR THE RETROFITTING OR RENOVATION OF EACH EXISTING RESIDENCE OR UNIT.
co-Sponsors
Rebecca Seawright
Angelo Santabarbara
Marianne Buttenschon
Steven Otis
2021-A3409A (ACTIVE) - Details
- Law Section:
- Tax Law
- Laws Affected:
- Amd §606, Tax L
- Versions Introduced in 2021-2022 Legislative Session:
-
A3409
2021-A3409A (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.
2021-A3409A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3409--A Cal. No. 125 2021-2022 Regular Sessions I N A S S E M B L Y January 26, 2021 ___________ Introduced by M. of A. LAVINE, SEAWRIGHT, SANTABARBARA, BUTTENSCHON, OTIS, WEPRIN, JACOBSON, MEEKS -- read once and referred to the Commit- tee on Ways and Means -- ordered to a third reading, amended and ordered reprinted, retaining its place on the order of third reading 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 (nnn) to read as follows: (NNN) UNIVERSAL VISITABILITY TAX CREDIT. (1) FOR TAXABLE YEARS BEGIN- NING ON OR AFTER JANUARY FIRST, TWO THOUSAND TWENTY-THREE, UNTIL DECEM- BER THIRTY-FIRST, TWO THOUSAND TWENTY-SEVEN, 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 PARAGRAPH SEVEN OF THIS SUBSECTION. THE CREDIT ALLOWED UNDER THIS EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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