Establishes a manufactured housing tax credit which provides for a credit of up to two thousand dollars for each new manufactured home that the taxpayer constructed and for which a certificate of occupancy has been issued on or after January first, two thousand twenty-four and on or before December thirty-first, two thousand thirty.
STATE OF NEW YORK
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8458
IN SENATE
January 31, 2024
___________
Introduced by Sen. HELMING -- read twice and ordered printed, and when
printed to be committed to the Committee on Investigations and Govern-
ment Operations
AN ACT to amend the tax law, in relation to establishing a manufactured
housing tax credit
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. The tax law is amended by adding a new section 49 to read
2 as follows:
3 § 49. Manufactured housing tax credit. A taxpayer subject to tax under
4 article nine-a or article twenty-two of this chapter shall be allowed a
5 credit of up to two thousand dollars against such tax for each new manu-
6 factured home that the taxpayer installed and for which a certificate of
7 occupancy has been issued on or after January first, two thousand twen-
8 ty-four and on or before December thirty-first, two thousand thirty.
9 § 2. Section 210-b of the tax law is amended by adding a new subdivi-
10 sion 60 to read as follows:
11 60. A taxpayer shall be allowed a credit of up to two thousand dollars
12 against such tax for each new manufactured home that the taxpayer
13 installed and for which a certificate of occupancy has been issued on or
14 after January first, two thousand twenty-four and on or before December
15 thirty-first, two thousand thirty.
16 § 3. Section 606 of the tax law is amended by adding a new subsection
17 (ppp) to read as follows:
18 (ppp) Manufactured housing tax credit. A taxpayer shall be allowed a
19 credit of up to two thousand dollars against such tax for each new manu-
20 factured home that the taxpayer installed and for which a certificate of
21 occupancy has been issued on or after January first, two thousand twen-
22 ty-four and on or before December thirty-first, two thousand thirty.
23 § 4. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD11716-02-4