Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 18, 2014 |
referred to ways and means delivered to assembly passed senate ordered to third reading cal.1548 committee discharged and committed to rules |
Jun 05, 2014 |
referred to investigations and government operations |
Senate Bill S7763
2013-2014 Legislative Session
Sponsored By
(D, IP) Senate District
Archive: Last Bill Status - In Assembly 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
Actions
Votes
2013-S7763 (ACTIVE) - Details
2013-S7763 (ACTIVE) - Sponsor Memo
BILL NUMBER:S7763 TITLE OF BILL: An act to amend the tax law, in relation to certain manufacturers PURPOSE: Adjust the calculation of various components of the wage tax credits under subdivision (k) of section 606 of the tax law for certain manufacturers certified in the empire zone. SUMMARY OF PROVISIONS: Section 1. Makes provisions for the calculation of the empire zone wage tax credits under section 606(k) of the tax law for certain manufacturers. Section 2. Effective date. JUSTIFICATION: Empire zone enterprises are vital businesses within our communities that encourage job growth and foster economic development. And, this is especially true in areas of New York which have seen a steady loss of manufacturing jobs in recent years. As an incentive to participate in the Empire Zones Program, certified entities qualify for tax
2013-S7763 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7763 I N S E N A T E June 5, 2014 ___________ Introduced by Sen. VALESKY -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, in relation to certain manufacturers THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subsection (k) of section 606 of the tax law is amended by adding a new paragraph 3-a to read as follows: (3-A) IN THE CASE OF A MANUFACTURER: (I) THAT HAS ACQUIRED THE ASSETS OF A PLASTICS MANUFACTURER PREVIOUSLY OPERATING IN NEW YORK STATE, (II) IS CERTIFIED AS AN EMPIRE ZONE ENTERPRISE WITH AN EFFECTIVE DATE ON OR AFTER JANUARY FIRST, TWO THOUSAND NINE, AND (III) EMPLOYS AN AVERAGE OF MORE THAN THIRTY FULL-TIME EMPLOYEES EACH YEAR IN WHICH IT QUALIFIES FOR A CREDIT UNDER THIS SUBSECTION, THEN, SUCH MANUFACTURER SHALL BE DEEMED TO HAVE AN EMPLOYMENT NUMBER AS OF SUCH CERTIFIED ENTITY'S EMPIRE ZONE DESIGNATION DATE OF ZERO; SHALL BE ELIGIBLE TO CLAIM WAGE TAX CREDITS PROVIDED FOR BY THIS SUBSECTION FOR TAX YEAR TWO THOUSAND TEN AND THE FOUR TAX YEARS THEN FOLLOWING; AND SHALL BE DEEMED TO BE A NEW BUSINESS FOR PURPOSES OF THIS SUBSECTION FOR TAX YEAR TWO THOUSAND TEN AND THE FOUR TAX YEARS THEN FOLLOWING. S 2. This act shall take effect immediately and shall apply to all taxable years beginning on or after January 1, 2010. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15505-01-4
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