S 6021 NY
Establishes the white elephant housing historic rehabilitation projects tax credit program
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Summary
The bill establishes two new tax credit programs to encourage the rehabilitation of vacant historic buildings in New York. One program focuses on large historic rehabilitation projects, while the other specifically targets "white elephant" properties that have been vacant for at least ten of the previous fifteen years. Tax credits would be available for rehabilitation expenditures totaling at least fifty million dollars on certified historic structures.
AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.
Official abstract
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.
Sponsor (1)
- April Baskin Democratic · primary
9 coauthors / cosponsors
- Leroy Comrie Democratic · cosponsor
- Jeremy Cooney Democratic · cosponsor
- Patricia Fahy Democratic · cosponsor
- Patrick M. Gallivan Republican · cosponsor
- Rachel May Democratic · cosponsor
- Robert Rolison Republican · cosponsor
- Christopher Ryan Democratic · cosponsor
- Sam Sutton Democratic · cosponsor
- Jeremy Zellner Democratic · cosponsor
Action history (6)
- Mar 4, 2025 REFERRED TO BUDGET AND REVENUE · upper
- Jan 7, 2026 REFERRED TO BUDGET AND REVENUE · upper
- Feb 26, 2026 AMEND AND RECOMMIT TO BUDGET AND REVENUE · upper
- Feb 26, 2026 PRINT NUMBER 6021A · upper
- May 27, 2026 AMEND AND RECOMMIT TO BUDGET AND REVENUE · upper
- May 27, 2026 PRINT NUMBER 6021B · upper
Full text
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