Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Nov 20, 2015 |
vetoed memo.256 |
Nov 10, 2015 |
delivered to governor |
Jun 15, 2015 |
returned to senate passed assembly ordered to third reading rules cal.251 substituted for a6420a |
Jun 15, 2015 |
substituted by s3945a |
Jun 10, 2015 |
ordered to third reading rules cal.251 rules report cal.251 reported |
Jun 08, 2015 |
reported referred to rules |
May 06, 2015 |
print number 6420a |
May 06, 2015 |
amend (t) and recommit to ways and means |
Mar 24, 2015 |
referred to ways and means |
Assembly Bill A6420A
Vetoed By Governor2015-2016 Legislative Session
Sponsored By
OTIS
Archive: Last Bill Status Via S3945 - Vetoed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Vetoed By Governor
- Signed By Governor
Actions
Votes
Bill Amendments
2015-A6420 - Details
- See Senate Version of this Bill:
- S3945
- Law Section:
- Tax Law
- Laws Affected:
- Amd §606, Tax L
2015-A6420 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6420 2015-2016 Regular Sessions I N A S S E M B L Y March 24, 2015 ___________ Introduced by M. of A. OTIS -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to the green building credit THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subdivision (f) of section 19 of the tax law is relettered subdivision (g) and a new subdivision (f) is added to read as follows: (F) NOTWITHSTANDING ANY CONTRARY PROVISION OF THIS SECTION, AN INDI- VIDUAL TAXPAYER SHALL BE ELIGIBLE FOR THE CREDIT ALLOWED PURSUANT TO SUBDIVISION (A) OF THIS SECTION PROVIDED THAT SUCH TAXPAYER CONSTRUCTS OR REHABILITATES QUALIFYING RESIDENTIAL REAL PROPERTY IN CONFORMITY WITH ENERGY EFFICIENCY STANDARDS ESTABLISHED BY THE NATIONAL ASSOCIATION OF HOME BUILDERS OR THE LEADERSHIP IN ENERGY AND ENVIRONMENTAL DESIGN RATING SYSTEM DEVELOPED BY THE UNITED STATES GREEN BUILDING COUNCIL AND FASHIONS PROOF THEREOF PURSUANT TO SUBDIVISION (C) OF THIS SECTION. SUCH TAXPAYER SHALL REMAIN ELIGIBLE FOR SUCH CREDIT IRRESPECTIVE OF THE AMOUNT OF TAX SUCH TAXPAYER PAYS PER ANNUM. FOR THE PURPOSES OF THIS SUBDIVISION, "QUALIFYING RESIDENTIAL REAL PROPERTY" SHALL MEAN THE PRINCIPAL PLACE OF RESIDENCE OF AN INDIVIDUAL TAXPAYER WHO CLAIMS A CREDIT PURSUANT TO THIS SECTION. S 2. This act shall take effect immediately and shall apply to taxable years beginning on and after January 1, 2015. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08978-01-5
2015-A6420A (ACTIVE) - Details
- See Senate Version of this Bill:
- S3945
- Law Section:
- Tax Law
- Laws Affected:
- Amd §606, Tax L
2015-A6420A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6420--A 2015-2016 Regular Sessions I N A S S E M B L Y March 24, 2015 ___________ Introduced by M. of A. OTIS -- read once and referred to the Committee on Ways and Means -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to establishing the green building credit THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 606 of the tax law is amended by adding a new subsection (ccc) to read as follows: (CCC) GREEN BUILDING CREDIT. (1) ALLOWANCE OF CREDIT. A TAXPAYER SHALL BE ALLOWED A CREDIT AGAINST THE TAX IMPOSED BY THIS ARTICLE PROVIDED THAT SUCH TAXPAYER CONSTRUCTS OR REHABILITATES QUALIFYING RESIDENTIAL REAL PROPERTY IN CONFORMITY WITH ENERGY EFFICIENCY STANDARDS ESTABLISHED BY THE NATIONAL ASSOCIATION OF HOME BUILDERS OR THE LEADERSHIP IN ENERGY AND ENVIRONMENTAL DESIGN RATING SYSTEM DEVELOPED BY THE UNITED STATES GREEN BUILDING COUNCIL AND FASHIONS PROOF THEREOF IN ACCORDANCE WITH RULES AND REGULATIONS PROMULGATED BY THE COMMISSIONER OF THE DEPARTMENT OF ENVIRONMENTAL CONSERVATION IN CONJUNCTION WITH THE COMMISSIONER. (2) AMOUNT OF CREDIT. THE AMOUNT OF THE CREDIT SHALL BE EQUAL TO THE ALLOWABLE COSTS PAID OR INCURRED BY THE TAXPAYER, IF THE OWNER, FOR EITHER THE CONSTRUCTION OR REHABILITATION OF QUALIFYING RESIDENTIAL REAL PROPERTY IN CONFORMITY WITH ENERGY EFFICIENCY STANDARDS ESTABLISHED BY THE NATIONAL ASSOCIATION OF HOME BUILDERS OR THE LEADERSHIP IN ENERGY AND ENVIRONMENTAL DESIGN RATING SYSTEM DEVELOPED BY THE UNITED STATES GREEN BUILDING COUNCIL; PROVIDED, HOWEVER, THAT SUCH CREDIT SHALL NOT EXCEED TEN THOUSAND DOLLARS AND SHALL NOT BE AWARDED MORE THAN ONCE IN A PERIOD OF TEN YEARS. (3) FOR THE PURPOSE OF THIS SUBSECTION, "ALLOWABLE COSTS" MEANS AMOUNTS PROPERLY CHARGEABLE TO AN ACCOUNT (OTHER THAN FOR LAND), WHICH ARE PAID OR INCURRED ON OR AFTER JANUARY FIRST, TWO THOUSAND FIFTEEN, FOR: CONSTRUCTION OR REHABILITATION; COMMISSIONING COSTS; INTEREST PAID EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD08978-03-5
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