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: Slight Partisan Bill (Democrat 5-2)

Status: (Introduced - Dead) 2018-05-25 - print number 4397c [A04397 Detail]

Text: Latest bill text (Amended) [HTML]

---

Sponsors

Name	Type	Sponsorship	District	Financial	Encyclopedia	Biography
Assemblymember Robin Schimminger [D]	Primary	Sponsored Bills	HD-140	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Michael Cusick [D]	Cosponsor	Sponsored Bills	HD-063	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember William Colton [D]	Cosponsor	Sponsored Bills	HD-047	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember William Magnarelli [D]	Cosponsor	Sponsored Bills	HD-129	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Clifford Crouch [R]	Cosponsor	Sponsored Bills	HD-122	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Steven Cymbrowitz [D]	Primary	Sponsored Bills	HD-045	FollowTheMoney	Ballotpedia	VoteSmart
Assemblymember Raymond Walter [R]	Primary	Sponsored Bills	HD-146	FollowTheMoney	Ballotpedia	VoteSmart

Social Comments on NY A04397