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NY S06134
Bill
Status
Vetoed
12/17/2012
Primary Sponsor
Mark Grisanti
Click for details
AI Summary
- Increases the maximum historic preservation tax credit from five million dollars to twelve million dollars for taxable years beginning January 1, 2010 through December 31, 2014
- Applies the increased maximum to four tax law sections: section 606 (corporate tax), section 210 (business and occupation tax), section 1456 (personal income tax), and section 1511 (banking corporation tax)
- Reduces the credit to thirty percent of the federal credit amount for taxable years beginning January 1, 2015 and later, with a maximum of one hundred thousand dollars
- Takes effect immediately and applies to taxable years beginning on or after January 1, 2012
Legislative Description
Increases the maximum award available under the historic preservation tax credit from five million dollars to twelve million dollars.
Last Action
VETOED MEMO.183
12/17/2012
Committee Referrals
Rules6/12/2012
Finance5/2/2012
Investigations and Government Operations1/4/2012
Full Bill Text
No bill text available