Senate bill · S10519 (2025-26)
Relates to the tangible property credit component of the brownfield redevelopment tax credit
New York State Senate
Same as A11602, the matching bill in the Assembly.
Sponsor: Kristen Gonzalez (State Senator, District 59, Democratic/Working Families)
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From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 21, 2026. About our data
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.
Summary from NY Open Legislation. How we handle summaries
Amends the Tax Law.
Purpose, from the sponsor's memo
This bill would extend the Brownfield tax credit for specific properties that meet green space and housing affordability requirements.
Filed with the bill. Read it on nysenate.gov (opens in a new tab)
Where it stands
Assigned to a committee for review.
- Introduced
- In committee
- Up for a vote
- Passed one chamber
- Passed
- Enacted
Committee
Investigations And Government Operations · New York State Senate
Also referred to Ways and Means · New York State Assembly.
Your position on this bill
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The sponsor's argument
Why Kristen Gonzalez says this is needed
Under the Brownfield Tax Credit program, the credit comes in two phases - the first upon completion of the environmental remediation, the second upon receiving a Temporary Certificate of Occupancy for the building on the property. A local property who has received the credit has been unable to develop the property due to the close proximity of a NYPA-owned peaker plant on the adjacent lot that has not yet been decom- missioned. The peaker plant was scheduled to be decommissioned in 2012, but it is now unclear when the peaker plant will come offline and he will be able to develop. This bill seeks to remedy the sunsetting credit by extending it for properties that meet green space and affordability requirements.
This is the sponsor's own case for the bill, quoted from their memorandum. It is not Agora's description of what the bill does.
Full history
- Jun 5, 2026
Referred to committee
REFERRED TO WAYS AND MEANS
NY Assembly
- May 29, 2026
Amend and Recommit to Investigations and Government Operations
AMEND AND RECOMMIT TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
NY Senate
- May 15, 2026
Referred to committee
REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
NY Senate
Read the record
- Read on NY Senate (opens in a new tab) The official record on nysenate.gov.