Bill
Bill > A07026
NY A07026
NY A07026Provides an asbestos remediation tax credit in Erie county; allows for a fifty percent credit of all eligible costs which are incurred as a result of asbestos remediation, not to exceed $1,000,000.
summary
Introduced
04/03/2019
04/03/2019
In Committee
01/08/2020
01/08/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
2019-2020 General Assembly
Bill Summary
Provides an asbestos remediation tax credit in Erie county; allows for a fifty percent credit of all eligible costs which are incurred as a result of asbestos remediation, not to exceed $1,000,000.
AI Summary
This bill provides an asbestos remediation tax credit in Erie County, New York. The bill allows for a 50% credit of all eligible costs incurred as a result of asbestos remediation, up to a maximum of $1,000,000. The credit can be claimed for the taxable year in which the asbestos remediation project is first commenced and for the next two succeeding taxable years. The credit can be applied against taxes imposed under Articles 9, 9-A, and 22 of the New York Tax Law.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
referred to ways and means (on 01/08/2020)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://assembly.state.ny.us/leg/?default_fld=&bn=A07026&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y | 04/05/2019 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A07026&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A07026 | 04/05/2019 |
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