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New York policy

S6021: Establishes the white elephant housing historic rehabilitation projects tax credit program

NY Senate · Sponsor April Baskin

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Jurisdiction
New York State
Applies to
New York State (proposed)
Effective
May 27, 2026

What it requires

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.

ny-statesenatelegislationbill

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