Assembly Bill A1808

2023-2024 Legislative Session

Adds certain properties to the definition of a qualified historic home for the historic homeownership rehabilitation credit

download bill text pdf

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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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2023-A1808 (ACTIVE) - Details

See Senate Version of this Bill:
S224
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:
2019-2020: S8077
2021-2022: A7868, S293
2025-2026: A5588, S405

2023-A1808 (ACTIVE) - Summary

Adds certain properties located in a city of one million or more to the definition of a qualified historic home for the historic homeownership rehabilitation credit.

2023-A1808 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1808
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 23, 2023
                                ___________
 
 Introduced by M. of A. ZINERMAN -- read once and referred to the Commit-
   tee on Ways and Means
 
 AN ACT to amend the tax law, in relation to adding certain properties to
   the  definition of a qualified historic home for the historic homeown-
   ership rehabilitation credit

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Clause  (iv)  of  subparagraph  (A)  of  paragraph  5  of
 subsection (pp) of section 606 of the tax law, as amended by section 3-a
 of part U of chapter 59 of the laws of  2019,  is  amended  to  read  as
 follows:
   (iv) (1) which is in whole or in part a targeted area residence within
 the  meaning  of  section 143(j) of the internal revenue code; or (2) is
 located within a census tract which is identified as being at  or  below
 one hundred percent of the state median family income in the most recent
 federal  census;  or (3) which is located in a city with a population of
 less than one million with a poverty rate greater than fifteen  percent,
 rounded  to the nearest whole number, in the most recent five year esti-
 mate from the American community survey published by the  United  States
 census  bureau;  OR  (4)  IS LOCATED IN A CITY WITH A POPULATION GREATER
 THAN ONE MILLION, IN A QUALIFYING CENSUS TRACT AS OF JANUARY FIRST,  TWO
 THOUSAND SEVENTEEN, AND WAS OWNED BY THE APPLICANT ON JANUARY FIRST, TWO
 THOUSAND TEN.
   § 2. This act shall take effect immediately and shall apply to taxable
 years beginning on and after January 1, 2024.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD00130-01-3

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