Bill 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.

Spectrum: Moderate Partisan Bill (Republican 5-1)

Status: (Engrossed - Dead) 2018-06-20 - COMMITTED TO RULES [S02643 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Amended	2017-01-13	HTML/Text	Link	View
Amended	2017-01-13	HTML/Text	Link	View
Amended	2017-01-13	HTML/Text	Link	View
Introduced	2017-01-13	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for New York S02643

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for New York S02643 currently on file.

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