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The Laws of New York
Consolidated Laws of New York
CHAPTER 44-A
Public Housing
ARTICLE 2-A
New York State Low Income Housing Tax Credit Program
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SECTION 23
Project monitoring
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ARTICLE 2-A
New York State Low Income Housing Tax Credit Program
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SECTION 25
Regulations, coordination with federal low-income housing credit provisions
This entry was published on 2014-09-22
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SECTION 24
Credit recapture
Public Housing (PBG) CHAPTER 44-A, ARTICLE 2-A
§ 24. Credit recapture. If, as of the close of any taxable year in the
compliance period, the amount of the qualified basis of any building
with respect to the taxpayer is less than the amount of such basis as of
the close of the preceding taxable year, the credit under this article
may be recaptured as provided in section eighteen of the tax law.