Senate Bill S7675

2009-2010 Legislative Session

Relates to empire zones capital credit for contributions to qualified not-for-profit projects located in designated empire zones

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Sponsored By

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

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Bill Amendments

co-Sponsors

2009-S7675 - Details

Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §§210, 606, 1456 & 1511, Tax L

2009-S7675 - Summary

Relates to empire zones capital credit for contributions to qualified not-for-profit projects located in designated empire zones.

2009-S7675 - Sponsor Memo

2009-S7675 - Bill Text download pdf 

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

                                  7675

                            I N  S E N A T E

                             April 30, 2010
                               ___________

Introduced  by  Sens.  STACHOWSKI,  SERRANO, C. JOHNSON, VALESKY, FOLEY,
  THOMPSON, AUBERTINE -- read twice and ordered printed, and when print-
  ed to be committed to the Committee on Investigations  and  Government
  Operations

AN  ACT to amend the tax law, in relation to empire zones capital credit
  for contributions to  qualified  not-for-profit  projects  located  in
  designated empire zones

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

  Section 1. Subdivision 20 of section 210 of the tax law is amended  by
adding a new paragraph (e) to read as follows:
  (E)  NOTWITHSTANDING  THE EXPIRATION OF THE EMPIRE ZONES PROGRAM UNDER
ARTICLE EIGHTEEN-B OF THE GENERAL MUNICIPAL LAW, ANY COMMUNITY  DEVELOP-
MENT  PROJECT  CERTIFIED PURSUANT TO SUBPARAGRAPH THREE OF PARAGRAPH (A)
OF THIS SUBDIVISION ON THE DAY IMMEDIATELY PRECEDING THE DAY THE  EMPIRE
ZONES  PROGRAM  EXPIRES SHALL CONTINUE TO BE DEEMED CERTIFIED UNTIL JUNE
THIRTIETH, TWO THOUSAND SEVENTEEN.
  S 2. Subsection (l) of section 606 of the tax law is amended by adding
a new paragraph 5 to read as follows:
  (5) NOTWITHSTANDING THE EXPIRATION OF THE EMPIRE ZONES  PROGRAM  UNDER
ARTICLE  EIGHTEEN-B OF THE GENERAL MUNICIPAL LAW, ANY COMMUNITY DEVELOP-
MENT PROJECT CERTIFIED PURSUANT TO SUBPARAGRAPH (C) OF PARAGRAPH ONE  OF
THIS  SUBSECTION  ON  THE  DAY  IMMEDIATELY PRECEDING THE DAY THE EMPIRE
ZONES PROGRAM EXPIRES SHALL CONTINUE TO BE DEEMED CERTIFIED  UNTIL  JUNE
THIRTIETH, TWO THOUSAND SEVENTEEN.
  S  3.  Subdivision  (d)  of  section 1456 of the tax law is amended by
adding a new paragraph 5 to read as follows:
  (5) NOTWITHSTANDING THE EXPIRATION OF THE EMPIRE ZONES  PROGRAM  UNDER
ARTICLE  EIGHTEEN-B OF THE GENERAL MUNICIPAL LAW, ANY COMMUNITY DEVELOP-
MENT PROJECT CERTIFIED PURSUANT TO SUBPARAGRAPH (C) OF PARAGRAPH ONE  OF
THIS  SUBDIVISION  ON  THE  DAY IMMEDIATELY PRECEDING THE DAY THE EMPIRE
ZONES PROGRAM EXPIRES SHALL CONTINUE TO BE DEEMED CERTIFIED  UNTIL  JUNE
THIRTIETH, TWO THOUSAND SEVENTEEN.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD17066-02-0

co-Sponsors

2009-S7675A (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §§210, 606, 1456 & 1511, Tax L

2009-S7675A (ACTIVE) - Summary

Relates to empire zones capital credit for contributions to qualified not-for-profit projects located in designated empire zones.

2009-S7675A (ACTIVE) - Sponsor Memo

2009-S7675A (ACTIVE) - Bill Text download pdf 

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

                                 7675--A

                            I N  S E N A T E

                             April 30, 2010
                               ___________

Introduced  by  Sens.  STACHOWSKI,  SERRANO, C. JOHNSON, VALESKY, FOLEY,
  THOMPSON, AUBERTINE -- read twice and ordered printed, and when print-
  ed to be committed to the Committee on Investigations  and  Government
  Operations  -- reported favorably from said committee and committed to
  the Committee on Finance -- reported favorably from said committee and
  committed to the Committee on  Rules  --  committee  discharged,  bill
  amended,  ordered reprinted as amended and recommitted to said commit-
  tee

AN ACT to amend the tax law, in relation to empire zones capital  credit
  for  contributions  to  qualified  not-for-profit  projects located in
  designated empire zones

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

  Section  1. Subdivision 20 of section 210 of the tax law is amended by
adding a new paragraph (e) to read as follows:
  (E) NOTWITHSTANDING THE EXPIRATION OF THE EMPIRE ZONES  PROGRAM  UNDER
ARTICLE  EIGHTEEN-B OF THE GENERAL MUNICIPAL LAW, ANY COMMUNITY DEVELOP-
MENT PROJECT CERTIFIED PURSUANT TO SUBPARAGRAPH THREE OF  PARAGRAPH  (A)
OF  THIS SUBDIVISION ON THE DAY IMMEDIATELY PRECEDING THE DAY THE EMPIRE
ZONES PROGRAM EXPIRES SHALL CONTINUE TO BE DEEMED CERTIFIED  UNTIL  JUNE
THIRTIETH, TWO THOUSAND SEVENTEEN.
  S 2. Subsection (l) of section 606 of the tax law is amended by adding
a new paragraph 5 to read as follows:
  (5)  NOTWITHSTANDING  THE EXPIRATION OF THE EMPIRE ZONES PROGRAM UNDER
ARTICLE EIGHTEEN-B OF THE GENERAL MUNICIPAL LAW, ANY COMMUNITY  DEVELOP-
MENT  PROJECT CERTIFIED PURSUANT TO SUBPARAGRAPH (C) OF PARAGRAPH ONE OF
THIS SUBSECTION ON THE DAY IMMEDIATELY  PRECEDING  THE  DAY  THE  EMPIRE
ZONES  PROGRAM  EXPIRES SHALL CONTINUE TO BE DEEMED CERTIFIED UNTIL JUNE
THIRTIETH, TWO THOUSAND SEVENTEEN.
  S 3. Subsection (d) of section 1456 of  the  tax  law  is  amended  by
adding a new paragraph 5 to read as follows:
  (5)  NOTWITHSTANDING  THE EXPIRATION OF THE EMPIRE ZONES PROGRAM UNDER
ARTICLE EIGHTEEN-B OF THE GENERAL MUNICIPAL LAW, ANY COMMUNITY  DEVELOP-
MENT  PROJECT CERTIFIED PURSUANT TO SUBPARAGRAPH (C) OF PARAGRAPH ONE OF

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

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