Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 13, 2018 |
referred to rules delivered to senate passed assembly |
Jun 12, 2018 |
ordered to third reading rules cal.115 rules report cal.115 |
Jun 11, 2018 |
reported |
Jun 07, 2018 |
reported referred to rules |
Mar 07, 2018 |
referred to ways and means |
Assembly Bill A9987
2017-2018 Legislative Session
Sponsored By
RYAN
Archive: Last Bill Status - In Senate Committee Rules 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
Actions
co-Sponsors
Patricia Fahy
2017-A9987 (ACTIVE) - Details
- Current Committee:
- Senate Rules
- Law Section:
- Tax Law
- Laws Affected:
- Amd §606, Tax L
- Versions Introduced in 2019-2020 Legislative Session:
-
A5385
2017-A9987 (ACTIVE) - Summary
Relates to the definition of qualified historic home for the purposes of the historic homeownership rehabilitation credit; adds cities with a population of less than one million with a poverty rate of greater than 25% in the federal census of 2010 to the definition of qualified historic home as an alternative to such home being located in a targeted area residence or within a certain census tract.
2017-A9987 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9987 I N A S S E M B L Y March 7, 2018 ___________ Introduced by M. of A. RYAN -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to the definition of qualified historic home for the purposes of the historic homeownership rehabili- tation credit THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph (A) of paragraph 5 of subsection (pp) of section 606 of the tax law, as added by chapter 547 of the laws of 2006, clause (iv) as amended by chapter 239 of the laws of 2009, is amended to read as follows: (A) The term "qualified historic home" means, for purposes of this subsection, a certified historic structure located within New York state: (i) which has been substantially rehabilitated, (ii) which, or any portion of which, is owned, in whole or part, by the taxpayer, (iii) in which the taxpayer resides during the taxable year in which the taxpayer is allowed a credit under this subsection, and (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 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 (2) WHICH IS LOCATED IN A CITY WITH A POPULATION OF LESS THAN ONE MILLION WITH A POVERTY RATE GREATER THAN TWENTY-FIVE PERCENT IN THE FEDERAL CENSUS OF TWO THOUSAND TEN. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13911-04-8
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