S 10519 NY
Relates to the tangible property credit component of the brownfield redevelopment tax credit
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Summary
This bill extends the tangible property credit component of the brownfield redevelopment tax credit. The legislation provides continued tax credits for brownfield redevelopment projects that meet specific requirements. Eligible sites must contain at least 40% open space and 25% affordable housing units. The bill supports brownfield remediation and redevelopment that includes community benefits.
AI-generated plain-language summary of the bill (from the OpenStates abstract — no full text available yet) — neutral, and may be imperfect.
Official abstract
Extends the tangible property credit component of the brownfield redevelopment tax credit for certain qualified sites which contain 40% open space and 25% affordable housing units.
Sponsor (1)
- Kristen Gonzalez Democratic · primary
Action history (3)
- May 15, 2026 REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS · upper
- May 29, 2026 AMEND AND RECOMMIT TO INVESTIGATIONS AND GOVERNMENT OPERATIONS · upper
- May 29, 2026 PRINT NUMBER 10519A · upper
Full text
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