NY A02678

Removes the requirement that a qualified historic home must be located in a targeted area residence (as defined by Internal Revenue Code section 143(j)) or in a census tract at or below 100% of state median family income

Maintains existing requirements that qualified historic homes must be certified historic structures that have been substantially rehabilitated, owned in whole or part by the taxpayer, and occupied by the taxpayer during the taxable year of the credit claim

Effective immediately upon enactment