New York A 10778: Creates standards by which the public service commission reviews and approves a merger or acquisition between telephone corporations, cable corporations and combination telephone and cable corporations

Bill Text

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A10778 Summary:

BILL NOA10778 

&nbsp

SAME ASSAME AS S09810

&nbsp

SPONSORWalsh

&nbsp

COSPNSR

&nbsp

MLTSPNSR

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&nbsp

Extends the duration of certain brownfield redevelopment and remediation tax credits for 125 Bath Street within the village of Ballston Spa, Saratoga county.

Go to top A10778 Actions:

BILL NOA10778 

&nbsp

04/01/2026referred to ways and means

Go to topA10778 Committee&nbspVotes:

Go to topA10778 Floor&nbspVotes:

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

Go to topA10778 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10778

 IN ASSEMBLY

 April 1, 2026
 ___________

 Introduced by M. of A. WALSH -- read once and referred to the Committee
 on Ways and Means

 AN ACT in relation to extending the duration of certain brownfield rede-
 velopment and remediation tax credits for certain sites

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

 1 Section 1. (a) Notwithstanding any provision of law, rule or regu-
 2 lation to the contrary, any site for which (i) a brownfield cleanup
 3 agreement with the department of environmental conservation was entered
 4 into on January 31, 2013, and later amended and executed on December 27,
 5 2019 due to a sale of property, with respect to a site located at 125
 6 Bath Street situate within the village of Ballston Spa, Saratoga county,
 7 (ii) which received a certificate of completion on or before December
 8 31, 2019, and (iii) that has not otherwise had property placed in
 9 service upon such a site as of the effective date of this act, shall be
 10 an eligible site for purposes of the brownfield redevelopment tax cred-
 11 its available to such a site pursuant to section 21 of the tax law as in
 12 effect for such a site as of the effective date of this act provided the
 13 site preparation component shall be allowed for all applicable costs
 14 incurred on such a site prior to and within the tax year in which
 15 improvements on such a site are placed in service, and for a seven-year
 16 period following the year property is first placed in service upon such
 17 a site, provided, such a date occurs prior to the 2036 tax year, the
 18 on-site ground water remediation component shall be allowed for all
 19 applicable costs incurred on such a site prior to and within the tax
 20 year in which improvements on such a site are placed in service, and for
 21 a seven-year period following the year property is first placed in
 22 service upon such a site, provided, such a date occurs prior to the 2036
 23 tax year, and the tangible property credit component shall be allowed
 24 for all applicable costs incurred on such a site prior to and within the
 25 tax year in which improvements on such a site are placed in service, and
 26 for a ten-year period following the year property is first placed in
 27 service upon such a site, provided such a date occurs prior to the 2036
 28 tax year.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14928-02-6

 A. 10778 2

 1 (b) In addition, any site for which (i) a brownfield cleanup agreement
 2 with the department of environmental conservation was entered into on
 3 January 31, 2013, and later amended and executed on December 27, 2019
 4 due to a sale of property, with respect to a site located at 125 Bath
 5 Street situate within the village of Ballston Spa, Saratoga county, (ii)
 6 which received a certificate of completion on or before December 31,
 7 2019, and (iii) that has not otherwise had property placed in service
 8 upon such a site as of the effective date of this act shall be eligible
 9 to claim the tax credit for remediated brownfields available to such a
 10 site pursuant to section 22 of the tax law as in effect for such a site
 11 as of the effective date of this act provided the benefit period as
 12 applicable thereto shall be deemed to be a ten-consecutive-tax-year
 13 period beginning with the tax year in which improvements on such a site
 14 are placed in service where said benefit period shall begin no later
 15 than the 2036 tax year.
 16 (c) Further, any site for which (i) a brownfield cleanup agreement
 17 with the department of environmental conservation