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NY S07788

Bill

Official Source

Status

Introduced

6/18/2012

Primary Sponsor

Rules

Click for details

Origin

Senate

2011-2012 General Assembly

AI Summary

  • Amends part H of chapter 1 of the laws of 2003 regarding brownfield redevelopment tax credits and environmental remediation insurance credits
  • Changes the expiration date for tax credits under sections 21, 22, or 23 of the tax law from March 31, 2015 to December 31, 2015
  • Tax credits become unavailable if the remediation certificate is issued after December 31, 2015
  • Affects credits in articles 9, 9-A, 22, 32, and 33 of the tax law
  • Takes effect immediately upon enactment

Legislative Description

Provides that certain tax credits shall not apply if the certificate of remediation required to qualify for such credits is issued after December 31, 2015.

Last Action

SUBSTITUTED BY A10593

6/21/2012

Committee Referrals

Rules6/18/2012

Full Bill Text

No bill text available