Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2010 |
referred to ways and means |
Feb 25, 2009 |
referred to ways and means |
Assembly Bill A6127
2009-2010 Legislative Session
Sponsored By
SCHIMMINGER
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
2009-A6127 (ACTIVE) - Details
- See Senate Version of this Bill:
- S4424
- Current Committee:
- Assembly Ways And Means
- Law Section:
- Tax Law
- Laws Affected:
- Amd §210, Tax L
2009-A6127 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6127 2009-2010 Regular Sessions I N A S S E M B L Y February 25, 2009 ___________ Introduced by M. of A. SCHIMMINGER, COLTON -- Multi-Sponsored by -- M. of A. JOHN, McENENY -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to establishing an uncollected prescription drug co-payment corporate franchise tax credit THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 210 of the tax law is amended by adding a new subdivision 14 to read as follows: 14. A TAXPAYER SHALL BE ALLOWED A CREDIT AGAINST THE TAX IMPOSED BY THIS ARTICLE FOR POINT-OF-SALE PRESCRIPTION DRUG CO-PAYMENT AMOUNTS NOT COLLECTED PURSUANT TO THE AUTHORITY OF FEDERAL LAW OR REGULATION. THE AMOUNT OF SUCH CREDIT SHALL NOT EXCEED ONE HUNDRED PERCENT OF THE TOTAL AMOUNT OF POINT-OF-SALE CO-PAYMENTS DUE IN A TAXABLE YEAR. FOR THE PURPOSES OF THIS SUBDIVISION "TAXPAYER" SHALL MEAN A PHARMACY REGISTERED BY THE EDUCATION DEPARTMENT PURSUANT TO SECTION SIXTY-EIGHT HUNDRED EIGHT OF THE EDUCATION LAW. S 2. This act shall take effect January 1, 2010 and shall apply to taxable years commencing on or after such date. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09248-01-9
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