New York Public Housing Law Article 2-A - NEW YORK STATE LOW INCOME HOUSING TAX CREDIT PROGRAM

• 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...
• 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...
• 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...
• 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...
• 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...

Last modified: February 3, 2019