senate Bill S1891

2011-2012 Legislative Session

Creates the New York jobs tax credit; personal income tax rates and benefit recapture; entire net income base

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Archive: Last Bill Status - In Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (9)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 04, 2012 referred to finance
returned to senate
died in assembly
Jan 19, 2011 referred to ways and means
delivered to assembly
passed senate
Jan 18, 2011 ordered to third reading cal.2
reported and committed to rules
Jan 14, 2011 referred to finance

Votes

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Jan 18, 2011 - Rules committee Vote

S1891
13
8
committee
13
Aye
8
Nay
3
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Rules committee vote details

Jan 18, 2011 - Finance committee Vote

S1891
18
12
committee
18
Aye
12
Nay
2
Aye with Reservations
0
Absent
1
Excused
0
Abstained
show Finance committee vote details

Co-Sponsors

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S1891 - Details

See Assembly Version of this Bill:
A6980
Current Committee:
Law Section:
Tax Law
Laws Affected:
Add §31-a, amd §§210, 606, 601 & 611, Tax L

S1891 - Summary

Creates the New York jobs tax credit (part A); relates to personal income tax rates and benefit recapture (part B); relates to entire net income base (part C); creates a commission on regulatory reform and economic competitiveness (part D).

S1891 - Sponsor Memo

S1891 - Bill Text download pdf

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

                                  1891

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                            January 14, 2011
                               ___________

Introduced  by  Sen.  ALESI  -- read twice and ordered printed, and when
  printed to be committed to the Committee on Finance

AN ACT to amend the tax law, in relation to the creation of the New York
  jobs tax credit (Part A); to amend the tax law,  in  relation  to  the
  personal income tax rates and benefit recapture (Part B); to amend the
  tax  law, in relation to entire net income base (Part C); and creating
  a commission on regulatory reform and  economic  competitiveness;  and
  providing  for  the  repeal of such provisions upon expiration thereof
  (Part D)

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

  Section  1.  This  act enacts into law major components of legislation
relating to taxes and regulatory reform  and  economic  competitiveness.
Each  component  is wholly contained within a Part identified as Parts A
through D. The effective date for each  particular  provision  contained
within  such  Part  is  set  forth in the last section of such Part. Any
provision in any section contained within a part, including  the  effec-
tive  date  of  the  Part,  which makes referenced to a section "of this
act", when used in connection with that particular component,  shall  be
deemed  to  mean  and  refer to the corresponding section of the Part in
which it is found. Section three of this  act  sets  forth  the  general
effective date of this act.

                                 PART A

  Section 1. The tax law is amended by adding a new section 31-a to read
as follows:
  S 31-A. NEW YORK JOBS TAX CREDIT. (A) ALLOWANCE OF CREDIT. A TAXPAYER,
WHICH IS SUBJECT TO TAX UNDER ARTICLE NINE-A OR TWENTY-TWO OF THIS CHAP-
TER  AND WHICH CREATES A NEW JOB, SHALL BE ALLOWED A CREDIT AGAINST SUCH
TAX. THE AMOUNT OF THE CREDIT ALLOWED UNDER THIS SECTION SHALL BE  EQUAL

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
S                                                          LBD08230-01-1

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