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NY S03005
Bill
Status
Engrossed
6/18/2015
Primary Sponsor
Joseph Addabbo
Click for details
AI Summary
- Allows resident owners of real property to claim a tax credit equal to 30% of the cost to repair cock lofts, with a maximum credit of $500
- Defines "cock loft" as a completely enclosed space between rafters and a suspended ceiling
- Treats excess credits that exceed the taxpayer's annual tax liability as an overpayment, which can be credited or refunded without interest
- Effective immediately and applies to taxable years beginning on or after January 1, 2016
Legislative Description
Provides a tax credit to homeowners who repair cock loft fire hazards in their homes.
Last Action
referred to ways and means
6/17/2016
Committee Referrals
Ways and Means6/17/2016
Rules6/16/2016
Finance1/21/2016
Investigations and Government Operations1/6/2016
Rules6/18/2015
Investigations and Government Operations2/2/2015
Full Bill Text
No bill text available