Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 10, 2016 |
referred to ways and means delivered to assembly passed senate |
May 09, 2016 |
advanced to third reading |
May 05, 2016 |
2nd report cal. |
May 04, 2016 |
1st report cal.684 |
Mar 08, 2016 |
reported and committed to finance |
Jan 14, 2016 |
print number 1921a |
Jan 14, 2016 |
amend and recommit to investigations and government operations |
Jan 06, 2016 |
referred to investigations and government operations returned to senate died in assembly |
Jun 03, 2015 |
referred to ways and means delivered to assembly passed senate |
May 27, 2015 |
advanced to third reading |
May 20, 2015 |
2nd report cal. |
May 19, 2015 |
1st report cal.863 |
May 05, 2015 |
reported and committed to finance |
Jan 15, 2015 |
referred to investigations and government operations |
Senate Bill S1921A
2015-2016 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
Bill Amendments
2015-S1921 - Details
2015-S1921 - Sponsor Memo
BILL NUMBER:S1921 TITLE OF BILL: An act to amend the tax law, in relation to making technical corrections to the conservation easement tax credit PURPOSE: To include village taxes in the calculation of the income tax credit available to land owners that grant a conservation easement. SUMMARY OF PROVISIONS: Section 1 and 2 make technical corrections to Chapter 62 of the laws of 2006 to allow the income tax credit to be applied to all classifications of land subject to the easement, including village taxes. JUSTIFICATION: Currently, an income tax credit is available to land owners that grant conservation easement based on 25% of their property taxes up to $5,000. This legislation will make a technical amendment to the current tax credit to include village property taxes. An income tax credit for real property taxes paid on land under a conservation easement will help landowners bear the annual carrying
2015-S1921 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1921 2015-2016 Regular Sessions I N S E N A T E January 15, 2015 ___________ Introduced by Sen. MARCELLINO -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations AN ACT to amend the tax law, in relation to making technical corrections to the conservation easement tax credit THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 1 of subsection (kk) of section 606 of the tax law, as added by section 1 of part F of chapter 62 of the laws of 2006, is amended to read as follows: (1) Credit allowed. In the case of a taxpayer who owns land that is subject to a conservation easement held by a public or private conserva- tion agency, there shall be allowed a credit for twenty-five percent of the [allowable school district, county and town] real property taxes PAID on [such] THE land, OR PORTION OF THE LAND, SUBJECT TO THE EASEMENT. In no event shall the credit allowed under this subsection in combination with any other credit for [such school district, county and town] real property taxes under this section exceed such taxes. S 2. Subdivision 22 of section 210-B of the tax law, as added by section 17 of part A of chapter 59 of the laws of 2014, is renumbered subdivision 49 and is amended to read as follows: 49. Conservation easement tax credit. (a) Credit allowed. In the case of a taxpayer who owns land that is subject to a conservation easement held by a public or private conservation agency, there shall be allowed a credit for twenty-five percent of the [allowable school district, county and town] real property taxes PAID on [such] THE land, OR PORTION OF THE LAND, SUBJECT TO THE EASEMENT. In no such case shall the credit allowed under this subdivision in combination with any other credit for [such school district, county and town] real property taxes under this section exceed such taxes. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06728-01-5
2015-S1921A (ACTIVE) - Details
2015-S1921A (ACTIVE) - Sponsor Memo
BILL NUMBER: S1921A TITLE OF BILL : An act to amend the tax law, in relation to making technical corrections to the conservation easement tax credit PURPOSE : To include village taxes in the calculation of the income tax credit available to land owners that grant a conservation easement. SUMMARY OF PROVISIONS : Section 1 and 2 make technical corrections to Chapter 62 of the laws of 2006 to allow the income tax credit to be applied to all classifications of land subject to the easement, including village taxes. JUSTIFICATION : Currently, an income tax credit is available to land owners that grant conservation easement based on 25% of their property taxes up to $5,000. This legislation will make a technical amendment to the current tax credit to include village property taxes.
2015-S1921A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1921--A 2015-2016 Regular Sessions I N S E N A T E January 15, 2015 ___________ Introduced by Sen. MARCELLINO -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations -- recommitted to the Committee on Investi- gations and Government Operations in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to making technical corrections to the conservation easement tax credit THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 1 of subsection (kk) of section 606 of the tax law, as added by section 1 of part F of chapter 62 of the laws of 2006, is amended to read as follows: (1) Credit allowed. In the case of a taxpayer who owns land that is subject to a conservation easement held by a public or private conserva- tion agency, there shall be allowed a credit for twenty-five percent of the [allowable school district, county and town] real property taxes PAID on [such] THE land, OR PORTION OF THE LAND, SUBJECT TO THE EASEMENT. In no event shall the credit allowed under this subsection in combination with any other credit for [such school district, county and town] real property taxes under this section exceed such taxes. S 2. Subdivision 22 of section 210-B of the tax law, as added by section 17 of part A of chapter 59 of the laws of 2014, is renumbered subdivision 49 and is amended to read as follows: 49. Conservation easement tax credit. (a) Credit allowed. In the case of a taxpayer who owns land that is subject to a conservation easement held by a public or private conservation agency, there shall be allowed a credit for twenty-five percent of the [allowable school district, county and town] real property taxes PAID on [such] THE land, OR PORTION OF THE LAND, SUBJECT TO THE EASEMENT. In no such case shall the credit allowed under this subdivision in combination with any other credit for EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06728-02-6
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