New York Assembly bill in Session 2025-2026.
Status: in_committee. Latest action: May 28, 2026.
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.
| Date | Event | Detail |
|---|---|---|
| 2026-03-02 | Introduced | Bill introduced |
| 2026-05-28 | Status | in_committee |
| 2026-05-28 | Latest Action | In Assembly Committee |