S 6021 New York 2025-2026 session

Establishes the white elephant housing historic rehabilitation projects tax credit program

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.

Status

  1. Introduced
  2. Committee
  3. Floor vote
  4. Passed
  5. Enacted

In committee — last recorded action May 27, 2026

PRINT NUMBER 6021B

Passage likelihood

34% Comparable to other bills at this stage

This is an estimate, not a guarantee. It is computed from the signals listed below and nothing else. It does not account for leadership priorities, floor scheduling, or negotiations that are not in the public record.

What the estimate is based on

  • Historical base rate About 20% of introduced state bills are enacted.
  • Current stage Referred to committee.
  • Cosponsors 10 cosponsors.

State-level impact

State-level impact data is not available for this bill. The source text does not contain a per-state funding formula or scored breakdown, so no figures are shown.

Official actions

  1. PRINT NUMBER 6021B
  2. AMEND AND RECOMMIT TO BUDGET AND REVENUE
  3. PRINT NUMBER 6021A
  4. AMEND AND RECOMMIT TO BUDGET AND REVENUE
  5. REFERRED TO BUDGET AND REVENUE
  6. REFERRED TO BUDGET AND REVENUE
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