Assembly Bill A4475

2023-2024 Legislative Session

Relates to certain brownfield redevelopment tax credits

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-A4475 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §21, Tax L
Versions Introduced in Other Legislative Sessions:
2009-2010: A2501
2011-2012: A2857
2013-2014: A3502
2015-2016: A2690
2017-2018: A3938
2019-2020: A3527
2021-2022: A1692

2023-A4475 (ACTIVE) - Summary

Relates to certain qualifying property under brownfield redevelopment tax credits.

2023-A4475 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4475
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 16, 2023
                                ___________
 
 Introduced  by M. of A. PRETLOW -- read once and referred to the Commit-
   tee on Ways and Means
 
 AN ACT to amend the tax law, in relation to  qualifying  property  under
   brownfield redevelopment tax credits
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Clause (iii) of subparagraph (B) of paragraph 3 of subdivi-
 sion (b) of section 21 of the tax law, as amended by chapter 420 of  the
 laws of 2006, is amended to read as follows:
   (iii) has a situs on a qualified site in this state, AND IS LOCATED IN
 A  BROWNFIELD  OPPORTUNITY  AREA  AS DESIGNATED PURSUANT TO SECTION NINE
 HUNDRED SEVENTY-R OF THE GENERAL MUNICIPAL LAW, AN EMPIRE ZONE AS DESIG-
 NATED PURSUANT TO ARTICLE EIGHTEEN-B OF THE GENERAL  MUNICIPAL  LAW,  AN
 ENVIRONMENTAL ZONE AS DEFINED IN PARAGRAPH SIX OF THIS SUBDIVISION OR AN
 URBAN  RENEWAL AREA PURSUANT TO ARTICLE FIFTEEN OF THE GENERAL MUNICIPAL
 LAW; and
   § 2. This act shall take effect immediately.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09350-01-3

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