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Bill > S00224
NY S00224
NY S00224Adds 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.
summary
Introduced
01/04/2023
01/04/2023
In Committee
05/13/2024
05/13/2024
Crossed Over
05/13/2024
05/13/2024
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to adding certain properties to the definition of a qualified historic home for the historic homeownership rehabilitation credit
AI Summary
This bill adds 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 on January 1, 2010, to the definition of a "qualified historic home" for the purposes of the historic homeownership rehabilitation credit. This change allows the owners of these eligible properties to claim the historic homeownership rehabilitation credit, which provides tax benefits for the rehabilitation of historic homes. The bill applies to taxable years beginning on and after January 1, 2024.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
referred to ways and means (on 05/13/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/S224 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S00224&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S00224 |
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