S 10519 New York Senate · 2025 Regular Session

Relates to the tangible property credit component of the brownfield redevelopment tax credit

Summary

Extends the tangible property credit component of the brownfield redevelopment tax credit for certain qualified sites which contain 40% open space and 25% affordable housing units.

Bill status in committee 1 of 4 stages cleared

Introduction

May 2026

Committee Review

Floor Vote

Governor

Introduced May 15, 2026 Last action May 29, 2026

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What changed between versions

S10519 → S10519A · 2 edits

MINOR

The bill was amended to reflect its status as a revised version (S. 10519-A) after committee review. The substantive text regarding the tax credit rules for related party service fees remains unchanged, with only minor formatting adjustments to the line breaks within the existing paragraphs.

TECHNICAL

The bill number was updated from S. 10519 to S. 10519-A, and the procedural status was changed to indicate the bill was discharged from committee, amended, and reprinted.

Minor line break adjustments were made within the existing text describing the tangible property credit component to improve formatting.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

May 29, 2026

Upper · Passed

PRINT NUMBER 10519A

upper

May 29, 2026

Upper · Passed

AMEND AND RECOMMIT TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

upper

May 15, 2026

Committee

REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

upper

1 primary · 0 co-sponsors