S3645A HTC enhancements (Kennedy), passed Senate

An important bill passed in the Senate this session: S3645A. We appreciate the Senate's support and recognition of the importance of the NYS Historic Tax Credit and how these improvements will make the credit more functional and valuable for smaller, Main Street, and nonprofit projects. We would like to thank Senator Kennedy (D- 63rd District) for introducing this bill and to the following Senate co-sponsors: Metzger (D- 42nd District), Serrano (D- 29th District), and Kaplan (D- 7th District).

Thank you again to Governor Andrew M. Cuomo, the Assembly and Senate, especially Assembly Speaker Carl E. Heastie and Senate Majority Leader Andrea Stewart-Cousins, Assembly Ways and Means Chair Helene E. Weinstein and Senate Finance Chair Liz Krueger for including improvements to the Historic Tax Credit in the budget bill earlier this session, so that both State Historic Sites and cities with a poverty rate over 15% can take advantage of the Historic Tax Credit.

NYS, Tax CreditsPLNYS Staff