Senate Bill S3005A

2015-2016 Legislative Session

Provides a tax credit to home owners who repair cock loft fire hazards in their homes

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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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Bill Amendments

2015-S3005 - Details

See Assembly Version of this Bill:
A669
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:
2009-2010: A3711
2011-2012: A436
2013-2014: S5944, A1336
2017-2018: S3065, A1878
2019-2020: S4398, A4406

2015-S3005 - Summary

Provides a tax credit to homeowners who repair cock loft fire hazards in their homes.

2015-S3005 - Sponsor Memo

2015-S3005 - Bill Text download pdf 

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

                                  3005

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            February 2, 2015
                               ___________

Introduced  by  Sen. ADDABBO -- read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment Operations

AN ACT to amend the tax law, in relation to providing a tax credit for a
  portion of the cost of repairing certain fire hazards

  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) CREDIT FOR REPAIRING CERTAIN  FIRE  HAZARDS.  (1)  ANY  RESIDENT
OWNER  OF    REAL  PROPERTY AS DEFINED IN SECTION ONE HUNDRED TWO OF THE
REAL PROPERTY TAX LAW SHALL BE ALLOWED A CREDIT AGAINST THE  TAX  OTHER-
WISE  IMPOSED UNDER THIS ARTICLE IN AN AMOUNT EQUAL TO THIRTY PERCENT OF
THE COST OF  REPAIRING  FIRE  HAZARDS  COMMONLY  KNOWN  AS  COCK  LOFTS,
PROVIDED  THAT  SUCH  CREDIT SHALL NOT EXCEED FIVE HUNDRED DOLLARS.  FOR
PURPOSES OF THIS SECTION THE TERM "COCK LOFT" SHALL  MEAN  A  COMPLETELY
ENCLOSED SPACE BETWEEN RAFTERS AND A SUSPENDED CEILING.
  (2)  IF THE AMOUNT OF THE CREDIT ALLOWED UNDER THIS SUBSECTION FOR ANY
TAXABLE YEAR SHALL EXCEED THE TAXPAYER'S TAX FOR SUCH YEAR,  THE  EXCESS
SHALL  BE TREATED AS AN OVERPAYMENT OF TAX TO BE CREDITED OR REFUNDED IN
ACCORDANCE WITH THE PROVISIONS OF SECTION SIX HUNDRED EIGHTY-SIX OF THIS
ARTICLE, PROVIDED, HOWEVER, THAT NO INTEREST SHALL BE PAID THEREON.
  S 2. This act shall take effect immediately and shall apply to taxable
years beginning on or after January 1, 2015.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01820-01-5

2015-S3005A (ACTIVE) - Details

See Assembly Version of this Bill:
A669
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:
2009-2010: A3711
2011-2012: A436
2013-2014: S5944, A1336
2017-2018: S3065, A1878
2019-2020: S4398, A4406

2015-S3005A (ACTIVE) - Summary

Provides a tax credit to homeowners who repair cock loft fire hazards in their homes.

2015-S3005A (ACTIVE) - Sponsor Memo

2015-S3005A (ACTIVE) - Bill Text download pdf 

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

                                 3005--A

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                            February 2, 2015
                               ___________

Introduced  by  Sen. ADDABBO -- read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment Operations -- recommitted to the Committee on Investigations  and
  Government  Operations  in  accordance  with  Senate Rule 6, sec. 8 --
  reported favorably from said committee and committed to the  Committee
  on Finance -- 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 a
  portion of the cost of repairing certain fire hazards

  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)  CREDIT  FOR  REPAIRING  CERTAIN  FIRE HAZARDS. (1) ANY RESIDENT
OWNER OF  REAL PROPERTY AS DEFINED IN SECTION ONE  HUNDRED  TWO  OF  THE
REAL  PROPERTY  TAX LAW SHALL BE ALLOWED A CREDIT AGAINST THE TAX OTHER-
WISE IMPOSED UNDER THIS ARTICLE IN AN AMOUNT EQUAL TO THIRTY PERCENT  OF
THE  COST  OF  REPAIRING  FIRE  HAZARDS  COMMONLY  KNOWN  AS COCK LOFTS,
PROVIDED THAT SUCH CREDIT SHALL NOT EXCEED FIVE HUNDRED  DOLLARS.    FOR
PURPOSES  OF  THIS  SECTION THE TERM "COCK LOFT" SHALL MEAN A COMPLETELY
ENCLOSED SPACE BETWEEN RAFTERS AND A SUSPENDED CEILING.
  (2) IF THE AMOUNT OF THE CREDIT ALLOWED UNDER THIS SUBSECTION FOR  ANY
TAXABLE  YEAR  SHALL EXCEED THE TAXPAYER'S TAX FOR SUCH YEAR, THE EXCESS
SHALL BE TREATED AS AN OVERPAYMENT OF TAX TO BE CREDITED OR REFUNDED  IN
ACCORDANCE WITH THE PROVISIONS OF SECTION SIX HUNDRED EIGHTY-SIX OF THIS
ARTICLE, PROVIDED, HOWEVER, THAT NO INTEREST SHALL BE PAID THEREON.
  S 2. This act shall take effect immediately and shall apply to taxable
years beginning on or after January 1, 2016.


 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01820-02-6

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