Senate Bill S7445

2011-2012 Legislative Session

Changes the definition of "employment number" with respect to empire zones to include employees of contract operators

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Sponsored By

Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2011-S7445 (ACTIVE) - Details

See Assembly Version of this Bill:
A10282
Current Committee:
Senate Investigations And Government Operations
Law Section:
Tax Law
Laws Affected:
Amd §14, Tax L
Versions Introduced in 2013-2014 Legislative Session:
S984, A6001

2011-S7445 (ACTIVE) - Summary

Changes the definition of "employment number" with respect to empire zones to include employees of contract operators.

2011-S7445 (ACTIVE) - Sponsor Memo

2011-S7445 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

    S. 7445                                                 A. 10282

                      S E N A T E - A S S E M B L Y

                              May 18, 2012
                               ___________

IN SENATE -- Introduced by Sen. MARTINS -- read twice and ordered print-
  ed,  and  when  printed  to  be committed to the Committee on Investi-
  gations and Government Operations

IN ASSEMBLY -- Introduced by M. of A. MURRAY -- read once  and  referred
  to the Committee on Ways and Means

AN ACT to amend the tax law, in relation to the definition of employment
  number  with  respect  to  the  empire  zones program to allow for the
  eligibility of employees of contract operators

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Paragraph  1  of subdivision (g) of section 14 of the tax
law, as amended by section 1 of part Z-1 of chapter 109 of the  laws  of
2006, is amended to read as follows:
  (1)  The  term  "employment  number"  shall mean the average number of
individuals, excluding general executive officers  (in  the  case  of  a
corporation), employed full-time by the enterprise for at least one-half
of  the  taxable  year. Such number shall be computed by determining the
number of such individuals employed by the taxpayer on the  thirty-first
day  of March, the thirtieth day of June, the thirtieth day of September
and the thirty-first day of December during the applicable taxable year,
adding together the number of  such  individuals  determined  to  be  so
employed  on  each of such dates and dividing the sum so obtained by the
number of such dates occurring within such applicable taxable year. Such
number shall not include individuals employed within  the  state  within
the  immediately preceding sixty months by a related person to the QEZE,
as such term "related person" is defined in subparagraph  (c)  of  para-
graph  three of subsection (b) of section four hundred sixty-five of the
internal revenue code.  For  this  purpose,  a  "related  person"  shall
include  an  entity  which would have qualified as a "related person" to
the QEZE if it had not been dissolved, liquidated, merged  with  another
entity or otherwise ceased to exist or operate.  PROVIDED, HOWEVER, SUCH
NUMBER MAY INCLUDE INDIVIDUALS EMPLOYED FULL-TIME OR AS FULL-TIME EQUIV-
ALENTS  BY  A  BUSINESS  ENTITY  OTHER THAN THE QEZE, PROVIDED, (I) SUCH

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
              

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