Bill Text: NY A00436 | 2011-2012 | General Assembly | Introduced

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Bill Title: Provides a tax credit to home owners who repair cock loft fire hazards in their homes.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2012-06-19 - held for consideration in ways and means [A00436 Detail]

Download: New_York-2011-A00436-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                          436
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                      (PREFILED)
                                    January 5, 2011
                                      ___________
       Introduced by M. of A. LENTOL -- read once and referred to the Committee
         on Ways and Means
       AN ACT to amend the tax law, in relation to providing a tax credit for a
         portion of the cost of repairing certain fire hazards
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Section 606 of the tax law  is  amended  by  adding  a  new
    2  subsection (ss) to read as follows:
    3    (SS)  CREDIT FOR REPAIRING CERTAIN FIRE HAZARDS. ANY RESIDENT OWNER OF
    4  REAL PROPERTY AS DEFINED IN SECTION ONE HUNDRED TWO OF THE REAL PROPERTY
    5  TAX LAW SHALL BE ALLOWED A CREDIT  AGAINST  THE  TAX  OTHERWISE  IMPOSED
    6  UNDER  THIS  ARTICLE  IN  AN  AMOUNT EQUAL TO THE COST OF REPAIRING FIRE
    7  HAZARDS COMMONLY KNOWN AS COCK LOFTS.
    8    S 2. This act shall take effect immediately and shall apply to taxable
    9  years beginning on or after January 1, 2012.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD03465-01-1