| BILL NO | A04415B |
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| SAME AS | SAME AS S02642-B
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| SPONSOR | Schimminger (MS) |
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| COSPNSR | Magnarelli, Colton, Crouch |
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| MLTSPNSR | Cymbrowitz, McDonald, Walter |
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| Amd §§606 & 210-B, Tax L |
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| 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. |
