New York Public Housing - Article 2-A - (21 - 25) New York State Low Income Housing Tax Credit Program

Legal Research Home > New York Laws > New York Public Housing (PBG) > New York Public Housing - Article 2-A - (21 - 25) New York State Low Income Housing Tax Credit Program

New York Public Housing - Article 2-A - New York State Low Income Housing Tax Credit Program
Section 21. Definitions. 22. Allowance of credit, amount and limitations. 23. Project monitoring. 24. Credit recapture. 25. Regulations, coordination with federal low-income housing credit provisions.
New York Public Housing - § 21 - Definitions
1. (a) "Applicable percentage" means the appropriate percentage (depending on whether a building is new, existing, or federally subsidized) prescribed by the secretary of the...
New York Public Housing - § 22 - Allowance of Credit, Amount and Limitations
1. A taxpayer subject to tax under article nine-A, twenty-two, thirty-two or thirty-three of the tax law which owns an interest in one or more...
New York Public Housing - § 23 - Project Monitoring
The commissioner shall establish such procedures as he deems necessary for monitoring compliance of an eligible low-income building with the provisions of this article, and...
New York Public Housing - § 24 - Credit Recapture
If, as of the close of any taxable year in the compliance period, the amount of the qualified basis of any building with respect to...
New York Public Housing - § 25 - Regulations, Coordination With Federal Low-income Housing Credit Provisions
1. The commissioner shall promulgate rules and regulations necessary to administer the provisions of this act. 2. The provisions of section 42 of the internal...