New York Senate Bill S08458 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 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