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NY A06600

Bill

Official Source

Status

Introduced

3/19/2021

Primary Sponsor

Steven Cymbrowitz

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Origin

Assembly

2021-2022 General Assembly

AI Summary

  • Increases the statewide limitation on low-income housing tax credits allocated by the commissioner from $104 million to $119 million effective immediately.

  • Further increases the statewide limitation to $127 million effective April 1, 2022.

  • Increases the statewide limitation to $135 million effective April 1, 2023.

  • Increases the statewide limitation to $143 million effective April 1, 2024.

  • Increases the statewide limitation to $151 million effective April 1, 2025.

Legislative Description

Extends the credit against income tax for persons or entities investing in low-income housing.

Last Action

referred to housing

1/5/2022

Committee Referrals

Housing3/19/2021

Full Bill Text

No bill text available