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A02889 Summary:

BILL NOA02889
 
SAME ASNo Same As
 
SPONSORWoerner
 
COSPNSRMcDonald, Gandolfo, McDonough, Septimo, Lupardo, Fahy, Thiele, Brabenec, Magnarelli, Stirpe, Simon, Maher, Giglio JM, Aubry, Hyndman, Kelles, Jones, Jacobson, Lunsford, Hevesi, Wallace, Bores, Novakhov, Levenberg, Peoples-Stokes
 
MLTSPNSR
 
Amd §§606, 210-B & 1511, Tax L; add Art 14-A §§14.15 - 14.18, amd 14.05, Pks & Rec L
 
Establishes the large projects historic rehabilitation tax credit and the "white elephant" housing historic rehabilitation projects tax credit program for qualified rehabilitation expenditures totaling fifty million dollars or more with respect to a certified historic structure that has been vacant, as determined by local code enforcement or other reasonable means, for at least ten of fifteen consecutive years preceding the date of the taxpayer's application for the rehabilitation credit.
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