STATE OF NEW YORK
        ________________________________________________________________________
                                          1858
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                    January 13, 2017
                                       ___________
        Introduced by M. of A. PEOPLES-STOKES, BLAKE -- Multi-Sponsored by -- M.
          of A. GLICK, HOOPER, KEARNS -- read once and referred to the Committee
          on Ways and Means
        AN  ACT to amend the tax law, in relation to the definition of "environ-
          mental zones" for purposes of the brownfield redevelopment tax credit
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1. Paragraph 6 of subsection (b) of section 21 of the tax law
     2  is amended by adding a new subparagraph (C) to read as follows:
     3    (C) with respect to any qualified site for  which  the  department  of
     4  environmental  conservation  has issued a notice to the taxpayer between
     5  January first, two thousand eleven  and  June  thirtieth,  two  thousand
     6  seventeen  that  its  request  for participation has been accepted under
     7  subdivision six of section 27-1407  of  the  environmental  conservation
     8  law, environmental zones shall include such areas that meet the criteria
     9  contained  in  subparagraph  (A)  of  this paragraph as calculated as of
    10  January first of the year in which  the  acceptance  notice  was  issued
    11  using either the most recent five year estimate from the American commu-
    12  nity  survey  published by the Unites States Census Bureau or the census
    13  data for the year two thousand.
    14    § 2. This act shall take effect immediately and  shall  apply  to  any
    15  qualified  sites  for which the department of environmental conservation
    16  has issued a notice to the taxpayer on or after January 1, 2011 that its
    17  request for participation has  been  accepted  under  subdivision  6  of
    18  section   27-1407  of  the  environmental  conservation  law,  provided,
    19  further, that the provisions of subparagraph (C)  of  paragraph  (6)  of
    20  subsection  (b) of section 21 of the tax law, as added by section one of
    21  this act shall apply to tax years beginning  on  and  after  January  1,
    22  2017.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03448-01-7