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S3956Senate2013-2014 SessionSame asA7537

Relates to a tax credit for visitability

Sponsor Mark GrisantiSD-60+2 co-sponsorsAffects Finance
Status
In Assembly Committee
Ways And Means
Impact
Pending
Passage
Pending

Bill progress

Step 5 of 7

In Assembly · Ways And Means

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Sponsors

Primary sponsor
Mark Grisanti

Senator · Senate District 60

Chair, Environmental Conservation

History

  1. Referred to ways and means
  2. Delivered to assembly
  3. Passed senateVote 57–0
  4. Ordered to third reading cal.1380
  5. Committee discharged and committed to rules
  6. Reported and committed to finance
  7. Print number 3956c
  8. Amend and recommit to housing, construction and community development
  9. Referred to housing, construction and community development
  10. Returned to senate
  11. Died in assembly
  12. Referred to ways and means
Show 10 earlier actions
  1. Delivered to assembly
  2. Passed senateVote 61–0
  3. Ordered to third reading cal.1264
  4. Committee discharged and committed to rules
  5. Print number 3956b
  6. Amend and recommit to finance
  7. Reported and committed to finance
  8. Print number 3956a
  9. Amend (t) and recommit to housing, construction and community development
  10. Referred to housing, construction and community development

Companion bill

The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.

A7537Assembly

Relates to a tax credit for visitability

In Assembly Committee · Ways And Means · Sponsor Charles Lavine

Full text

The text isn't available here yet. Check nysenate.gov.

Sponsor's memo

BILL NUMBER:S3956C

Title of bill

An act to amend the tax law, in relation to providing a tax credit for universal visitability

Purpose or general idea

To allow a tax credit for either new or retrofitted principal residences which are universally designed to be accessible and adaptable housing.

Summary of provisions

This bill amends the Tax Law to provide a tax credit for a newly constructed principal residence not to exceed $2,750 or for a renovated principal residence of 30% of the amount expended, not to exceed $2,750, for universal visitability. Eligibility requirements for universal visitability would be established though guidelines by the Department of State Division of Code Enforcement and Administration. This credit would be effective beginning April 1, 2015.

Justification

This legislation provides a positive incentive for universal design changes to create accessible and adaptable housing which is important to allow individuals to age in place. Universal design changes make residences accessible and user friendly for senior citizens and others with limited mobility. By providing seniors with the opportunity to age in place, this may save some of the costs associated with assisted living or nursing homes. This bill would provide an alternative for many seniors who are able to remain in place with universal design changes. It also will assist in building an inventory of residence which will have universal design to ensure accessibility. The use of a tax credit provides an incentive rather than a mandated approach.

Legislative history

None.

Fiscal implications

Minimal.

Effective date

Immediately.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.