S 5143

  • New York Senate Bill
  • 2021 Regular Session
  • Introduced in Senate
  • Senate
  • Assembly
  • Governor

Establishes a credit against income tax for the rehabilitation of distressed residential properties

Abstract

Establishes a credit against income tax for the rehabilitation of distressed residential properties; allows a credit equal to thirty percent of the qualified rehabilitation expenditures made by the taxpayer with respect to a qualified distressed residential property; requires property that qualifies must be constructed prior to January 1, 1962 in a distressed residential or mixed-use neighborhood.

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Jan 05, 2022

Senate

REFERRED TO BUDGET AND REVENUE

Feb 25, 2021

Senate

REFERRED TO BUDGET AND REVENUE

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