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A04398 Summary:
| BILL NO | A04398A |
| SAME AS | SAME AS S01293-A |
| SPONSOR | Schimminger |
| COSPNSR | McDonald, Magnarelli |
| MLTSPNSR | Cymbrowitz, Kearns, Lupinacci, Walter |
| Amd §§606 & 210-B, Tax L | |
| Establishes a credit against income tax for the rehabilitation of distressed residential properties; allows a credit equal to thirty percent of the qualified rehabilitation expenditures made by the taxpayer with respect to a qualified distressed residential property; requires property that qualifies must be constructed prior to January 1, 1962 in a distressed residential or mixed-use neighborhood. | |