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NY A03993
Bill
Status
Introduced
1/30/2013
Primary Sponsor
Michael Fitzpatrick
Click for details
AI Summary
- Removes the requirement that a qualified historic home be located in a targeted area residence or census tract at or below 100 percent of state median family income
- Redefines "qualified historic home" to require only that it be a certified historic structure in New York State that has been substantially rehabilitated and is owned and occupied by the taxpayer
- Eliminates geographic and income-based restrictions that previously limited the historic homeownership rehabilitation credit eligibility
- Takes effect immediately upon enactment
Legislative Description
Alters the definition of a qualified historic home for the purposes of the historic homeownership rehabilitation credit.
Last Action
held for consideration in ways and means
6/17/2014
Committee Referrals
Ways and Means1/30/2013
Full Bill Text
No bill text available