New York A 10366: Relates to participants in the World Trade Center rescue

Bill Text

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A10366 Summary:

BILL NOA10366A

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SAME ASSAME AS S06021-B

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SPONSORHunter

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COSPNSRWoerner, Stirpe, Barrett, Burke, Conrad, Rivera, McMahon, Sayegh, Shrestha, Lupardo, Santabarbara,
 Shimsky, Zinerman

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MLTSPNSR

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Amd §§606, 210-B & 1511, Tax L; add Art 14-A §§14.15 - 14.19, amd 14.05, Pks & Rec L

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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.

Go to top A10366 Actions:

BILL NOA10366A

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03/02/2026referred to tourism, parks, arts and sports development

05/20/2026reported referred to ways and means

05/28/2026amend and recommit to ways and means

05/28/2026print number 10366a

Go to topA10366 Committee&nbspVotes:

Committee:TOURISM, ARTS AND SPORTS DEVELOPMENT Chair:Kim 
DATE:05/20/2026AYE/NAY:20/0 Action: Favorable refer to committee Ways and Means KimAyeGrayAye

BarrettAyeTagueAye

WoernerAyeMorinelloAye

CarrollAyeAngelinoAye

BurkeAyeGallahanAye

FallAyeSimpsonAbsent

RiveraAye

ZinermanAye

GibbsAye

ShresthaAye

ShimskyAye

ValdezAye

LasherAye

CashmanAye

PowersAye

Go to topA10366 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA10366 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10366--A

 IN ASSEMBLY

 March 2, 2026
 ___________

 Introduced by M. of A. HUNTER, WOERNER, STIRPE, BARRETT, BURKE, CONRAD,
 RIVERA, McMAHON, SAYEGH, SHRESTHA, LUPARDO, SANTABARBARA, SHIMSKY --
 read once and referred to the Committee on Tourism, Parks, Arts and
 Sports Development -- reported and referred to the Committee on Ways
 and Means -- committee discharged, bill amended, ordered reprinted as
 amended and recommitted to said committee

 AN ACT to amend the tax law and the parks, recreation and historic pres-
 ervation law, in relation to establishing the large projects historic
 rehabilitation tax credit and the "white elephant" housing historic
 rehabilitation projects tax credit program

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Subsection (oo) of section 606 of the tax law, as amended
 2 by section 2 of part E of chapter 59 of the laws of 2025, is amended to
 3 read as follows:
 4 (oo) Credit for rehabilitation of historic properties. (1) (A) For
 5 taxable years beginning on or after January first, two thousand ten and
 6 before January first, two thousand [thirty] thirty-seven, a taxpayer, or
 7 a transferee of such a taxpayer as described in paragraph seven of this
 8 subsection, shall be allowed a credit as hereinafter provided, against
 9 the tax imposed by this article, in an amount equal to:
 10 (i) one hundred percent of the amount of credit allowed the taxpayer
 11 with respect to a certified historic structure, and one hundred fifty
 12 percent of the amount of credit allowed the taxpayer with respect to a
 13 certified historic structure that is a small project, under internal
 14 revenue code section 47(c)(3), determined without regard to ratably
 15 allocating the credit over a five year period as required by subsection
 16 (a) of such section 47; and
 17 (ii) one hundred percent of the amount of credit allowed the taxpayer
 18 with respect to a certified historic structure that is a white elephant
 19 project, under internal revenue code section 47(c)(3), with respect to a
 20 certified historic structure located within the state. Provided, howev-
 21 er, the credit shall not exceed five million dollars, unless such credit
 22 is allowed with respect to a certified historic structure that is a

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD10242-07-6

 A. 10366--A 2

 1 white elephant project, in which case, the credit shall not exceed
 2 fifteen million dollars. Provided, further, that whenever the commis-
 3 sioner of pa