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Sponsors
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History
- Referred to investigations and government operations
- Returned to senate
- Died in assembly
- Referred to ways and means
- Delivered to assembly
- Passed senateVote 54–9
- Ordered to third reading cal.1618
- Committee discharged and committed to rules
- Referred to investigations and government operations
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S5697
Title of bill
An act to amend part H of chapter 1 of the laws of 2003, amending the tax law relating to brownfield redevelopment tax credits, remediated brownfield credit for real property taxes for qualified sites and environmental remediation insurance credits, in relation to extending certain provisions thereof
Purpose
To extend certain tax credits for brownfield redevelopment.
Summary of specific provisions
This bill would extend, until March 31, 2018, the eligibility time-frame for brownfield tax credits.
Justification
In 2003, the Legislature authorized tax credits as part of the Brownfield Cleanup Program. The authority for those credits is set to expire on December 31, 2015. This legislation will delay the sunset of those tax credits until March 31, 2018.
Prior legislative history
This is new legislation.
Fiscal implications
To be determined.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.