- Summary
- Actions
- Committee Votes
- Floor Votes
- Memo
- Text
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S06042 Summary:
BILL NO | S06042 |
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SAME AS | SAME AS A06947 |
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SPONSOR | HINCHEY |
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COSPNSR | |
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MLTSPNSR | |
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Amd §606, Tax L; amd §483-b, RPT L | |
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Relates to a tax credit and tax exemption for the rehabilitation of historic barns; defines historic barns; requires the establishment of eligibility guidelines. |
S06042 Actions:
BILL NO | S06042 | |||||||||||||||||||||||||||||||||||||||||||||||||
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03/31/2021 | REFERRED TO BUDGET AND REVENUE | |||||||||||||||||||||||||||||||||||||||||||||||||
05/04/2021 | REPORTED AND COMMITTED TO FINANCE | |||||||||||||||||||||||||||||||||||||||||||||||||
05/19/2021 | 1ST REPORT CAL.1205 | |||||||||||||||||||||||||||||||||||||||||||||||||
05/20/2021 | 2ND REPORT CAL. | |||||||||||||||||||||||||||||||||||||||||||||||||
05/24/2021 | ADVANCED TO THIRD READING | |||||||||||||||||||||||||||||||||||||||||||||||||
06/03/2021 | PASSED SENATE | |||||||||||||||||||||||||||||||||||||||||||||||||
06/03/2021 | DELIVERED TO ASSEMBLY | |||||||||||||||||||||||||||||||||||||||||||||||||
06/03/2021 | referred to ways and means | |||||||||||||||||||||||||||||||||||||||||||||||||
06/08/2021 | substituted for a6947 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/08/2021 | ordered to third reading rules cal.595 | |||||||||||||||||||||||||||||||||||||||||||||||||
06/08/2021 | passed assembly | |||||||||||||||||||||||||||||||||||||||||||||||||
06/08/2021 | returned to senate | |||||||||||||||||||||||||||||||||||||||||||||||||
11/29/2021 | DELIVERED TO GOVERNOR | |||||||||||||||||||||||||||||||||||||||||||||||||
12/10/2021 | SIGNED CHAP.672 |
S06042 Committee Votes:
Go to topS06042 Floor Votes:
Yes
Abbate
Yes
Clark
Yes
Frontus
Yes
Lalor
Yes
Paulin
Yes
Sillitti
Yes
Abinanti
Yes
Colton
Yes
Galef
Yes
Lavine
Yes
Peoples-Stokes
Yes
Simon
Yes
Anderson
Yes
Conrad
Yes
Gallagher
Yes
Lawler
Yes
Perry
Yes
Simpson
Yes
Angelino
Yes
Cook
Yes
Gallahan
Yes
Lemondes
Yes
Pheffer Amato
Yes
Smith
Yes
Ashby
Yes
Cruz
Yes
Gandolfo
Yes
Lunsford
Yes
Pichardo
Yes
Smullen
Yes
Aubry
Yes
Cusick
Yes
Giglio JA
Yes
Lupardo
Yes
Pretlow
Yes
Solages
Yes
Barclay
Yes
Cymbrowitz
Yes
Giglio JM
Yes
Magnarelli
Yes
Quart
Yes
Steck
Yes
Barnwell
Yes
Darling
Yes
Glick
Yes
Mamdani
Yes
Ra
Yes
Stern
Yes
Barrett
Yes
Davila
Yes
Gonzalez-Rojas
Yes
Manktelow
Yes
Rajkumar
Yes
Stirpe
Yes
Barron
Yes
De La Rosa
Yes
Goodell
Yes
McDonald
Yes
Ramos
Yes
Tague
Yes
Benedetto
Yes
DeStefano
Yes
Gottfried
Yes
McDonough
Yes
Reilly
Yes
Tannousis
Yes
Bichotte Hermel
Yes
Dickens
Yes
Griffin
Yes
McMahon
Yes
Reyes
Yes
Taylor
Yes
Blankenbush
Yes
Dilan
Yes
Gunther
Yes
Meeks
Yes
Richardson
Yes
Thiele
Yes
Brabenec
Yes
Dinowitz
Yes
Hawley
Yes
Mikulin
Yes
Rivera J
Yes
Vanel
Yes
Braunstein
Yes
DiPietro
Yes
Hevesi
Yes
Miller B
Yes
Rivera JD
Yes
Walczyk
Yes
Bronson
Yes
Durso
Yes
Hunter
Yes
Miller M
Yes
Rodriguez
Yes
Walker
Yes
Brown
Yes
Eichenstein
Yes
Hyndman
Yes
Mitaynes
Yes
Rosenthal D
Yes
Wallace
Yes
Burdick
Yes
Englebright
Yes
Jackson
Yes
Montesano
Yes
Rosenthal L
Yes
Walsh
Yes
Burgos
Yes
Epstein
Yes
Jacobson
Yes
Morinello
Yes
Rozic
Yes
Weinstein
Yes
Burke
Yes
Fahy
Yes
Jean-Pierre
Yes
Niou
Yes
Salka
Yes
Weprin
Yes
Buttenschon
Yes
Fall
Yes
Jensen
Yes
Nolan
Yes
Santabarbara
Yes
Williams
Yes
Byrne
Yes
Fernandez
Yes
Jones
Yes
Norris
Yes
Sayegh
Yes
Woerner
Yes
Byrnes
Yes
Fitzpatrick
Yes
Joyner
Yes
O'Donnell
Yes
Schmitt
Yes
Zebrowski
Yes
Cahill
ER
Forrest
Yes
Kelles
Yes
Otis
Yes
Seawright
Yes
Zinerman
Yes
Carroll
Yes
Friend
Yes
Kim
Yes
Palmesano
Yes
Septimo
Yes
Mr. Speaker
‡ Indicates voting via videoconference
S06042 Text:
Go to top STATE OF NEW YORK ________________________________________________________________________ 6042 2021-2022 Regular Sessions IN SENATE March 31, 2021 ___________ Introduced by Sen. HINCHEY -- read twice and ordered printed, and when printed to be committed to the Committee on Budget and Revenue AN ACT to amend the tax law and the real property tax law, in relation to a tax credit and tax exemption for the rehabilitation of historic barns The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Paragraph 12 of subsection (a) of section 606 of the tax 2 law, as added by chapter 309 of the laws of 1996, is amended to read as 3 follows: 4 (12) Rehabilitation credit for historic barns. A taxpayer shall be 5 allowed a credit, to be computed as hereinafter provided, against the 6 tax imposed by this article. The amount of the credit shall be twenty- 7 five percent of the taxpayer's qualified rehabilitation expenditures[,8as defined in paragraph two of subsection (c) of section forty-seven of9the internal revenue code, which qualify as the basis for the credit10provided for under paragraph one of subsection (b) of section thirty-11eight of such code by reason of subsection one of section forty-six of12such code,] paid or incurred within the five years immediately preceding 13 the year in which such tax credit shall be applied with respect to any 14 barn located in this state which [is a qualified rehabilitated building,15as such term is defined in paragraph one of subsection (c) of such16section forty-seven] qualifies as an historic barn pursuant to subdivi- 17 sion five of section four hundred eighty-three-b of the real property 18 tax law. For purposes of this paragraph, the term "barn" means a build- 19 ing [originally designed and used for storing farm equipment or agricul-20tural products, or for housing livestock] that is or was used as an 21 agricultural facility or for purposes related to agriculture. Provided, 22 however, such qualified rehabilitation expenditures shall not include 23 any such expenditures which are included, directly or indirectly, in the 24 computation of a credit claimed by the taxpayer pursuant to paragraph EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD10595-02-1S. 6042 2 1 one of this subsection. Provided further that no rehabilitation credit 2 shall be allowed for any rehabilitation of a barn which, immediately 3 prior to the commencement of such rehabilitation, was used for residen- 4 tial purposes, or which converts a barn not suitable for residential 5 purposes into one which is so suitable, nor shall a rehabilitation cred- 6 it be allowed for any rehabilitation that materially alters the historic 7 appearance of the barn. 8 § 2. Subdivision 5 of section 483-b of the real property tax law, as 9 added by chapter 309 of the laws of 1996, is amended to read as follows: 10 5. For the purposes of this section, an historic barn shall mean a 11 certified agricultural structure that was at least partially constructed 12 before nineteen hundred [thirty-six] forty-five and that [was originally13designed and used for storing farm equipment or agricultural products,14or for housing livestock] is or was used as an agricultural facility or 15 for purposes related to agriculture; provided, however, that a certified 16 agricultural structure that was constructed after nineteen hundred 17 forty-five may qualify as an historic barn if such structure is deter- 18 mined eligible for listing on the state or national register of historic 19 places or is determined to be a contributing structure of a district 20 listed on the state or national register of historic places. The office 21 of parks, recreation and historic preservation shall establish eligibil- 22 ity guidelines for the certification of agricultural structures as 23 historic barns which shall be eligible for the tax exemption established 24 pursuant to this section. 25 § 3. This act shall take effect on the one hundred twentieth day 26 after it shall have become a law and shall apply to taxable years begin- 27 ning on and after January 1, 2022. Effective immediately, the addition, 28 amendment and/or repeal of any rule or regulation necessary for the 29 implementation of this act on its effective date are authorized to be 30 made and completed on or before such effective date.