Governor Cuomo Expected to Sign Historic Tax Bill

July 16, 2012 Updated Jul 16, 2012 at 11:15 AM EDT

By WKBW News

...
July 16, 2012 Updated Jul 16, 2012 at 11:15 AM EDT

Buffalo N.Y. (WKBW) - The pressure is on Governor Cuomo this week to sign more than 150 bills just sitting on his desk. Many of the bills affect Western New Yorkers.

The main bill that will impact this area is the Historic Tax Bill. That bill includes a new law that would double the tax credit given to developers who take on historic projects. Many said if it is signed, a lot of old, decaying buildings might get new life.

"By raising this credit cap we could see the flood gates for investors from out of state and developers here, for what was once thought as too costly projects," New York Senator Mark Grisanti said.

The maximum tax credit for historic preservation projects in New York would increase form $5 million to $12 million if this bill were signed.

Another bill Cuomo has yet to sign is a law that would ban teenagers, under the age of 17, from tanning indoors. It's a bill that passed both the House and the Senate but is awaiting Cuomo's signature, something many thought would have happened by now.

Cuomo must also decide whether the State's public Education System should stop investing in companies to Iran's Energy Program, another one critics said should have been a done deal.

The big question Monday, is why the governor is waiting until the last minute to sign these bills, which were passed by the Senate and Assembly. A spokesperson for the Governor said he is reviewing all of the 155 bills and will make a decision on all of them by Wednesday's deadline