Bill > A05600

This bill amends the definition of a "qualified historic home" for the purposes of the historic homeownership rehabilitation credit. Specifically, it removes the requirement that the home must be located in a targeted area or low-income census tract, or in a city with a population under one million and a poverty rate over 15%. The revised definition only requires that the home be a certified historic structure located in New York State, owned in whole or part by the taxpayer, and the taxpayer's residence during the taxable year the credit is claimed.