NY S02643 | 2017-2018 | General Assembly
Status
Spectrum: Moderate Partisan Bill (Republican 5-1)
Status: Engrossed on June 8 2017 - 50% progression, died in committee
Action: 2018-06-20 - COMMITTED TO RULES
Pending: Senate Rules Committee
Text: Latest bill text (Amended) [HTML]
Status: Engrossed on June 8 2017 - 50% progression, died in committee
Action: 2018-06-20 - COMMITTED TO RULES
Pending: Senate Rules Committee
Text: Latest bill text (Amended) [HTML]
Summary
Establishes a credit against income tax for the rehabilitation of distressed commercial properties; allows for 30% of the qualified rehabilitation expenditures up to $100,000; requires that to be eligible, the commercial property is located within a distressed commercial area, as identified by each locality through local law, that is deemed an area in need of community renewal due to dilapidation and vacancies; provides that the property which has been substantially rehabilitated is where the qualified rehabilitation expenditures in relation to such building total ten thousand dollars or more.
Title
Establishes a credit against income tax for the rehabilitation of distressed commercial properties; allows for 30% of the qualified rehabilitation expenditures up to $100,000; requires that to be eligible, the commercial property is located within a distressed commercial area, as identified by each locality through local law, that is deemed an area in need of community renewal due to dilapidation and vacancies; provides that the property which has been substantially rehabilitated is where the qualified rehabilitation expenditures in relation to such building total ten thousand dollars or more.
Sponsors
| Sen. Michael Ranzenhofer [R] | Sen. Simcha Felder [D] | Sen. Rich Funke [R] | Sen. William Larkin [R] |
| Sen. Patricia Ritchie [R] | Sen. Susan Serino [R] |
Roll Calls
2018-05-22 - Senate - Senate Finance Committee Vote (Y: 34 N: 3 NV: 0 Abs: 0) [PASS]
2018-02-06 - Senate - Senate Investigations And Government Operations Committee Vote (Y: 9 N: 0 NV: 0 Abs: 0) [PASS]
2017-06-08 - Senate - Senate Floor Vote - Final Passage (Y: 56 N: 5 NV: 0 Abs: 2) [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]
2018-02-06 - Senate - Senate Investigations And Government Operations Committee Vote (Y: 9 N: 0 NV: 0 Abs: 0) [PASS]
2017-06-08 - Senate - Senate Floor Vote - Final Passage (Y: 56 N: 5 NV: 0 Abs: 2) [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
| Date | Chamber | Action |
|---|---|---|
| 2018-06-20 | Senate | COMMITTED TO RULES |
| 2018-05-31 | Senate | ADVANCED TO THIRD READING |
| 2018-05-30 | Senate | 2ND REPORT CAL. |
| 2018-05-30 | Senate | AMENDED 2643C |
| 2018-05-22 | Senate | 1ST REPORT CAL.1338 |
| 2018-02-06 | Senate | REPORTED AND COMMITTED TO FINANCE |
| 2018-01-26 | Senate | PRINT NUMBER 2643B |
| 2018-01-26 | Senate | AMEND AND RECOMMIT TO INVESTIGATIONS AND GOVERNMENT OPERATIONS |
| 2018-01-03 | Senate | REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS |
| 2018-01-03 | Assembly | returned to senate |
| 2018-01-03 | Assembly | died in assembly |
| 2017-06-08 | Assembly | referred to ways and means |
| 2017-06-08 | Senate | DELIVERED TO ASSEMBLY |
| 2017-06-08 | Senate | PASSED SENATE |
| 2017-05-15 | Senate | AMENDED ON THIRD READING 2643A |
| 2017-05-08 | Senate | ADVANCED TO THIRD READING |
| 2017-05-03 | Senate | 2ND REPORT CAL. |
| 2017-05-02 | Senate | 1ST REPORT CAL.751 |
| 2017-01-31 | Senate | REPORTED AND COMMITTED TO FINANCE |
| 2017-01-13 | Senate | REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS |
Same As/Similar To
A04397 (Same As) 2018-05-25 - print number 4397c
