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Who cares
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Sponsors
3 Co-sponsors
History
- Substituted by A9303B
- Ordered to third reading cal.1629
- Reported and committed to rules
- Reported and committed to finance
- Print number 6943a
- Amend and recommit to investigations and government operations
- Referred to investigations and government operations
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.
Relates to a pilot program providing a tax credit for universal visitability
Vetoed · Sponsor Charles Lavine
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Purpose
To allow a tax credit for either new or retrofitted principal residences which are universally designed to be accessible and adaptable housing.
Summary of specific provisions
This bill amends section 606 of the tax law by adding a new subsection (ccc) which would provide a tax credit for a newly constructed principal residence not to exceed $2,750 or for a renovated principal residence of 50%. 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 January 1, 2017 until December 31, 2021.
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.
Prior legislative history
A7537-b 2013-14, A1276 Passed both houses and Vetoed by Governor.
Fiscal implications
The total credit amount provided by the state will be capped at $1 million.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.