NY S02642 | 2017-2018 | General Assembly

Status

Spectrum: Partisan Bill (Republican 4-0)
Status: Engrossed on June 13 2017 - 50% progression, died in committee
Action: 2018-02-06 - PRINT NUMBER 2642B
Pending: Senate Finance Committee
Text: Latest bill text (Amended) [HTML]

Summary

Establishes a credit against income tax for the rehabilitation of distressed residential properties; allows a credit equal to thirty percent of the qualified rehabilitation expenditures made by the taxpayer with respect to a qualified distressed residential property; requires property that qualifies must be constructed prior to January 1, 1962 in a distressed residential or mixed-use neighborhood.

Tracking Information

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Title

Establishes a credit against income tax for the rehabilitation of distressed residential properties; allows a credit equal to thirty percent of the qualified rehabilitation expenditures made by the taxpayer with respect to a qualified distressed residential property; requires property that qualifies must be constructed prior to January 1, 1962 in a distressed residential or mixed-use neighborhood.

Sponsors


Roll Calls

2018-02-06 - Senate - Senate Investigations and Government Operations Committee Vote (Y: 9 N: 0 NV: 0 Abs: 0) [PASS]
2017-06-13 - Senate - Senate Floor Vote - Final Passage (Y: 63 N: 0 NV: 0 Abs: 0) [PASS]
2017-05-02 - Senate - Senate Finance Committee Vote (Y: 36 N: 0 NV: 0 Abs: 1) [PASS]
2017-01-31 - Senate - Senate Investigations and Government Operations Committee Vote (Y: 9 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2018-02-06SenatePRINT NUMBER 2642B
2018-02-06SenateAMEND AND RECOMMIT TO FINANCE
2018-02-06SenateREPORTED AND COMMITTED TO FINANCE
2018-01-03SenateREFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
2018-01-03Assemblyreturned to senate
2018-01-03Assemblydied in assembly
2017-06-13Assemblyreferred to ways and means
2017-06-13SenateDELIVERED TO ASSEMBLY
2017-06-13SenatePASSED SENATE
2017-05-15SenateAMENDED ON THIRD READING 2642A
2017-05-08SenateADVANCED TO THIRD READING
2017-05-03Senate2ND REPORT CAL.
2017-05-02Senate1ST REPORT CAL.750
2017-01-31SenateREPORTED AND COMMITTED TO FINANCE
2017-01-13SenateREFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

Same As/Similar To

A04415 (Same As) 2018-01-29 - print number 4415b

New York State Sources

TypeSource
Summaryhttps://assembly.state.ny.us/leg/?default_fld=&bn=S02642&term=2017&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y
Texthttps://assembly.state.ny.us/leg/?default_fld=&bn=S02642&term=2017&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S02642
Texthttps://assembly.state.ny.us/leg/?default_fld=&bn=S02642&term=2017&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S02642A
Texthttps://assembly.state.ny.us/leg/?default_fld=&bn=S02642&term=2017&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S02642B
Roll Callhttps://www.nysenate.gov/legislation/bills/2017/S2642#SC1
Roll Callhttps://www.nysenate.gov/legislation/bills/2017/S2642#SC2
Roll Callhttps://www.nysenate.gov/legislation/bills/2017/S2642#SF1
Roll Callhttps://www.nysenate.gov/legislation/bills/2017/S2642#SC3

Bill Comments

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