NY A07868

Bill

Relates to adding certain properties located in a city of one million or more to the definition of a qualified historic home for the historic homeownership rehabilitation credit.

Introduced
05/28/2021

In Committee
01/05/2022

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

2021-2022 General Assembly

Bill Summary

Relates to adding certain properties located in a city of one million or more to the definition of a qualified historic home for the historic homeownership rehabilitation credit.

AI Summary

This bill amends the definition of a "qualified historic home" for the historic homeownership rehabilitation credit to include certain properties located in a city with a population greater than one million, in a qualifying census tract as of January 1, 2017, and owned by the applicant as of January 1, 2010. This change allows more properties in large cities to be eligible for the historic homeownership rehabilitation credit, which provides tax benefits for the rehabilitation of historic homes.

Committee Categories

Budget and Finance

Sponsors (2)

Stefani Zinerman (D)*, Jo Anne Simon (D),

Last Action

print number 7868a (on 05/10/2022)

Official Document

https://www.nysenate.gov/legislation/bills/2021/A7868

(3 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.nysenate.gov/legislation/bills/2021/A7868
BillText	https://assembly.state.ny.us/leg/?default_fld=&bn=A07868&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A07868A
BillText	https://assembly.state.ny.us/leg/?default_fld=&bn=A07868&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A07868

Bill	Bill Name	Last Action	Type
A05385	Relates to the definition of qualified historic home for the purposes of the historic homeownership rehabilitation credit; adds cities with a population of less than one million with a poverty rate of greater than 25% in the federal census of 2010 to the definition of qualified historic home as an alternative to such home being located in a targeted area residence or within a certain census tract.	referred to ways and means	Reintroduced
A06097	Alters the definition of a qualified historic home for the purposes of the historic homeownership rehabilitation credit.	held for consideration in ways and means	Reintroduced
S00293	Relates to adding certain properties located in a city of one million or more to the definition of a qualified historic home for the historic homeownership rehabilitation credit.	referred to ways and means	Same As

Bill > A07868

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (2)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary