Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 17, 2014 |
vetoed memo.566 |
Dec 05, 2014 |
delivered to governor |
Jun 19, 2014 |
returned to senate passed assembly ordered to third reading rules cal.471 substituted for a9220c |
Jun 18, 2014 |
referred to ways and means delivered to assembly passed senate ordered to third reading cal.1492 committee discharged and committed to rules |
Jun 06, 2014 |
print number 7196b |
Jun 06, 2014 |
amend and recommit to finance |
Jun 02, 2014 |
reported and committed to finance |
May 19, 2014 |
print number 7196a |
May 19, 2014 |
amend and recommit to investigations and government operations |
May 05, 2014 |
referred to investigations and government operations |
Senate Bill S7196B
Vetoed By Governor2013-2014 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - Vetoed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Vetoed By Governor
- Signed By Governor
Actions
Votes
Bill Amendments
2013-S7196 - Details
2013-S7196 - Sponsor Memo
BILL NUMBER:S7196 TITLE OF BILL: An act to amend the tax law, in relation to QEZE tax reduction credits PURPOSE OR GENERAL IDEA OF BILL: To encourage the growth of New York State manufacturing by allowing the inclusion of all income derived from a business, whether producing for domestic production or producing or export, for the purposes of claiming the QEZE tax credit. SUMMARY OF PROVISIONS: Section 1 - Paragraph 1 of subdivision (f) of section 16 of the tax law, as amended by section 14 of part CC of chapter 85 of the laws of 2002, is amended to include all business income as income allotted for the purposes of calculating the tax factor under article 22 of this chapter. Section 2 - This act shall take effect immediately and shall be deemed to apply to taxable years beginning on or after January 1, 2014. JUSTIFICATION: The QEZE tax credit was designed to encourage employment in New York State. An allocation between New York and non-New York income was not included in the original statute. The
2013-S7196 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7196 I N S E N A T E May 5, 2014 ___________ Introduced by Sen. RANZENHOFER -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations AN ACT to amend the tax law, in relation to QEZE tax reduction credits THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 1 of subdivision (f) of section 16 of the tax law, as amended by section 14 of part CC of chapter 85 of the laws of 2002, is amended to read as follows: (1) General. The tax factor shall be, in the case of article nine-A of this chapter, the larger of the amounts of tax determined for the taxa- ble year under paragraphs (a) and (c) of subdivision one of section two hundred ten of such article. The tax factor shall be, in the case of article twenty-two of this chapter, the tax determined for the taxable year under subsections (a) through (d) of section six hundred one of such article. FOR THE PURPOSES OF CALCULATING THE TAX FACTOR UNDER ARTI- CLE TWENTY-TWO OF THIS CHAPTER, INCOME ALLOCATED TO NEW YORK STATE SHALL INCLUDE ALL BUSINESS INCOME. The tax factor shall be, in the case of article thirty-two of this chapter, the larger of the amounts of tax determined for the taxable year under subsection (a) and paragraph two of subsection (b) of section fourteen hundred fifty-five of such arti- cle. The tax factor shall be, in the case of article thirty-three of this chapter, the larger of the amounts of tax determined for the taxa- ble year under paragraphs one and three of subdivision (a) of section fifteen hundred two of such article. S 2. Paragraph 1 of subdivision (f) of section 16 of the tax law, as amended by section 34 of part A of chapter 59 of the laws of 2014, is amended to read as follows: (1) General. The tax factor shall be, in the case of article nine-A of this chapter, the amount of tax determined for the taxable year under paragraph (a) of subdivision one of section two hundred ten of such article. The tax factor shall be, in the case of article twenty-two of this chapter, the tax determined for the taxable year under subsections (a) through (d) of section six hundred one of such article. FOR THE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
2013-S7196A - Details
2013-S7196A - Sponsor Memo
BILL NUMBER:S7196A TITLE OF BILL: An act to amend the tax law, in relation to QEZE tax reduction credits PURPOSE OR GENERAL IDEA OF BILL: To encourage the growth of New York State manufacturing by allowing the inclusion of all income derived from a business for the purposes of claiming the QEZE tax credit. SUMMARY OF PROVISIONS: Section 1 - Paragraph 1 of subdivision (f) of section 16 of the Tax Law, as amended by section 14 of part CC of Chapter 85 of the Laws of 2002, is amended to include all business income as income allotted for the purposes of calculating the tax factor under article 22 of this chapter. Section 2 - This act shall take effect immediately. JUSTIFICATION: The QEZE tax credit was designed to encourage employment in New York State. An allocation between New York and non-New York income was not included in the original statute. The allocation serves no purpose because the tax credit is designed to
2013-S7196A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7196--A I N S E N A T E May 5, 2014 ___________ Introduced by Sen. RANZENHOFER -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to QEZE tax reduction credits THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 1 of subdivision (f) of section 16 of the tax law, as amended by section 14 of part CC of chapter 85 of the laws of 2002, is amended to read as follows: (1) General. The tax factor shall be, in the case of article nine-A of this chapter, the larger of the amounts of tax determined for the taxa- ble year under paragraphs (a) and (c) of subdivision one of section two hundred ten of such article. The tax factor shall be, in the case of article twenty-two of this chapter, the tax determined for the taxable year under subsections (a) through (d) of section six hundred one of such article. FOR THE PURPOSES OF CALCULATING THE TAX FACTOR UNDER ARTI- CLE TWENTY-TWO OF THIS CHAPTER, INCOME ALLOCATED TO NEW YORK STATE SHALL INCLUDE ALL BUSINESS INCOME. The tax factor shall be, in the case of article thirty-two of this chapter, the larger of the amounts of tax determined for the taxable year under subsection (a) and paragraph two of subsection (b) of section fourteen hundred fifty-five of such arti- cle. The tax factor shall be, in the case of article thirty-three of this chapter, the larger of the amounts of tax determined for the taxa- ble year under paragraphs one and three of subdivision (a) of section fifteen hundred two of such article. S 2. Paragraph 1 of subdivision (f) of section 16 of the tax law, as amended by section 34 of part A of chapter 59 of the laws of 2014, is amended to read as follows: (1) General. The tax factor shall be, in the case of article nine-A of this chapter, the amount of tax determined for the taxable year under paragraph (a) of subdivision one of section two hundred ten of such article. The tax factor shall be, in the case of article twenty-two of this chapter, the tax determined for the taxable year under subsections EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
(R, C, IP) Senate District
2013-S7196B (ACTIVE) - Details
2013-S7196B (ACTIVE) - Sponsor Memo
BILL NUMBER:S7196B TITLE OF BILL: An act to amend the tax law, in relation to QEZE tax reduction credits PURPOSE OR GENERAL IDEA OF BILL: To encourage the growth of New York State manufacturing by allowing the inclusion of all income derived from a business for the purposes of claiming the QEZE tax credit. SUMMARY OF PROVISIONS: Section 1 - Paragraph 1 of subdivision (f) of section 16 of the Tax Law, as amended by section 14 of part CC of Chapter 85 of the Laws of 2002, is amended to include all business income as income allotted for the purposes of calculating the tax factor under article 22 of this chapter. Section 2 - This act shall take effect immediately. JUSTIFICATION: The QEZE tax credit was designed to encourage employment in New York State. An allocation between New York and non-New York income was not included in the original statute. The allocation serves no purpose because the tax credit is designed to encourage employment in New York in manufacturing, not to encourage sales of manufactured products in New York. In fact, our economy benefits when New York manufacturers are able to sell overseas. The
2013-S7196B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7196--B I N S E N A T E May 5, 2014 ___________ Introduced by Sen. RANZENHOFER -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- reported favorably from said committee and committed to the Committee on Finance -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to QEZE tax reduction credits THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 1 of subdivision (f) of section 16 of the tax law, as amended by section 14 of part CC of chapter 85 of the laws of 2002, is amended to read as follows: (1) General. The tax factor shall be, in the case of article nine-A of this chapter, the larger of the amounts of tax determined for the taxa- ble year under paragraphs (a) and (c) of subdivision one of section two hundred ten of such article. The tax factor shall be, in the case of article twenty-two of this chapter, the tax determined for the taxable year under subsections (a) through (d) of section six hundred one of such article. PROVIDED HOWEVER, TAXPAYERS FILING UNDER ARTICLE TWENTY-TWO OF THIS CHAPTER SHALL INCLUDE FOR THE PURPOSES OF THE TAX FACTOR ALL BUSINESS INCOME ATTRIBUTABLE TO A QEZE BUSINESS WHICH IS TAXABLE UNDER ARTICLE TWENTY-TWO OF THIS CHAPTER. The tax factor shall be, in the case of article thirty-two of this chapter, the larger of the amounts of tax determined for the taxable year under subsection (a) and paragraph two of subsection (b) of section fourteen hundred fifty-five of such article. The tax factor shall be, in the case of article thir- ty-three of this chapter, the larger of the amounts of tax determined for the taxable year under paragraphs one and three of subdivision (a) of section fifteen hundred two of such article. S 2. Paragraph 1 of subdivision (f) of section 16 of the tax law, as amended by section 34 of part A of chapter 59 of the laws of 2014, is amended to read as follows: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14537-07-4
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