Assembly Bill A4199

2009-2010 Legislative Session

Establishes a credit against income tax for certain donations of real property donated for land conservation purposes

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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

co-Sponsors

multi-Sponsors

2009-A4199 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Add §171-t, amd §§210 & 606, Tax L; add §99-q, amd §92-s, St Fin L; amd §56-0307, En Con L
Versions Introduced in Other Legislative Sessions:
2011-2012: A8051
2013-2014: A5431
2015-2016: A6928

2009-A4199 (ACTIVE) - Summary

Establishes a credit against income tax for certain donations of real property donated for public beach access or use, public waters or trails, fish and wildlife conservation or other similar land conservation purposes; establishes the real property donation credit transitory fund; provides that monies in such fund shall be used for land conservation purposes.

2009-A4199 (ACTIVE) - Bill Text download pdf

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

                                  4199

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            January 30, 2009
                               ___________

Introduced  by  M. of A. THIELE, WALKER, ALFANO -- Multi-Sponsored by --
  M. of A. BARRA, CROUCH, GIGLIO, SPANO -- read once and referred to the
  Committee on Ways and Means

AN ACT to amend the tax law, the state finance law and the environmental
  conservation law, in relation to establishing a credit against  income
  tax for certain real property donations

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The tax law is amended by adding a  new  section  171-t  to
read as follows:
  S  171-T. CREDIT FOR CERTAIN REAL PROPERTY DONATIONS VERIFICATION. THE
DEPARTMENT SHALL VERIFY THE AMOUNT OF TAX CREDITS TAKEN EACH FISCAL YEAR
WHICH WERE ALLOWED PURSUANT TO  SUBDIVISION  FORTY-ONE  OF  SECTION  TWO
HUNDRED  TEN OR SUBSECTION (QQ) OF SECTION SIX HUNDRED SIX OF THIS CHAP-
TER. UPON SUCH VERIFICATION, THE COMMISSIONER SHALL TRANSFER SUCH AMOUNT
FROM THE REAL PROPERTY DONATION CREDIT TRANSITORY  FUND  AS  DEFINED  IN
SECTION  NINETY-NINE-Q  OF  THE  STATE  FINANCE LAW TO THE CREDIT OF THE
GENERAL FUND.
  S 2. Section 210 of the tax law is amended by adding a new subdivision
41 to read as follows:
  41. CREDIT FOR CERTAIN REAL PROPERTY DONATIONS.  (A)  ANY  CORPORATION
THAT  MAKES A QUALIFIED DONATION OF INTEREST IN REAL PROPERTY LOCATED IN
NEW YORK DURING THE TAXABLE YEAR THAT IS USEFUL FOR PUBLIC BEACH  ACCESS
OR  USE,  PUBLIC  ACCESS  TO  PUBLIC WATERS OR TRAILS, FISH AND WILDLIFE
CONSERVATION, OR OTHER SIMILAR LAND CONSERVATION PURPOSES, AS DETERMINED
BY THE COMMISSIONER OF ENVIRONMENTAL CONSERVATION OR THE COMMISSIONER OF
THE OFFICE OF PARKS, RECREATION  AND  HISTORIC  PRESERVATION,  SHALL  BE
ALLOWED  A  CREDIT  AGAINST  THE  TAXES IMPOSED BY THIS ARTICLE EQUAL TO
TWENTY-FIVE PERCENT OF THE FAIR MARKET VALUE  OF  THE  DONATED  PROPERTY
INTEREST.  TO BE ELIGIBLE FOR SUCH CREDIT, THE INTEREST IN REAL PROPERTY
SHALL BE DONATED TO THE STATE AND APPROVED BY THE COMMISSIONER OF  ENVI-
RONMENTAL  CONSERVATION  OR  THE  COMMISSIONER  OF  THE OFFICE OF PARKS,
RECREATION AND HISTORIC PRESERVATION, AS SET FORTH IN SECTION 56-0307 OF
THE ENVIRONMENTAL CONSERVATION LAW OR SECTION NINETY-TWO-S OF THE  STATE

              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.