Assembly Bill A6097

2019-2020 Legislative Session

Alters the definition of a qualified historic home for the purposes of the historic homeownership rehabilitation credit

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

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2019-A6097 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §606, Tax L
Versions Introduced in Other Legislative Sessions:
2009-2010: A4364
2011-2012: A2678
2013-2014: A3993
2015-2016: A3194
2017-2018: A3908
2021-2022: A5600
2023-2024: A4396

2019-A6097 (ACTIVE) - Summary

Alters the definition of a qualified historic home for the purposes of the historic homeownership rehabilitation credit.

2019-A6097 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6097
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 28, 2019
                                ___________
 
 Introduced  by  M.  of A. FITZPATRICK, TAGUE, BLANKENBUSH, GIGLIO, KOLB,
   SALKA, MIKULIN -- Multi-Sponsored by -- M. of A.  BARCLAY,  DeSTEFANO,
   FINCH,  HAWLEY,  MANKTELOW,  McDONOUGH,  RAIA, THIELE -- 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, AND
   (iii) in which the taxpayer resides during the taxable year  in  which
 the taxpayer is allowed a credit under this subsection[, and
   (iv) 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].
   § 2. This act shall take effect immediately.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03641-01-9

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