senate Bill S7448

2011-2012 Legislative Session

Enacts the "2012 New Jobs-NY job creation act"; repealer

download bill text pdf

Sponsored By

Archive: Last Bill Status - Passed Senate


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

do you support this legislation?

You must fill out the form below in order to support or oppose this bill. X

You must login or fill out the fields below for the senator to have an accurate account of the support or opposition to this bill.

More information?
Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.
Use this box to enter a message to your senator.

Actions

view actions (5)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 31, 2012 referred to ways and means
May 30, 2012 delivered to assembly
passed senate
ordered to third reading cal.969
May 18, 2012 referred to rules

Votes

view votes

Co-Sponsors

view additional co-sponsors

S7448 - Details

Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd Tax L, generally; amd §18-a, Pub Serv L; amd Part NN §6, Chap 59 of 2009; rpld Part P §7, Chap 60 of 2004; add §959-c, Gen Muni L

S7448 - Summary

Enacts the "2012 New Jobs-NY job creation act"; establishes a small business credit and a hire-now credit; relates to the franchise tax on business corporations; relates to a temporary annual assessment  (view more) establishes a beer production and beer label tax credits; relates to the allocation of credit for the empire state film production credit; establishes an angel tax credit for investments made in small businesses.

S7448 - Sponsor Memo

S7448 - Bill Text download pdf

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

                                  7448

                            I N  S E N A T E

                              May 18, 2012
                               ___________

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

AN ACT to amend the tax law, in relation to establishing a  small  busi-
  ness  tax  credit and a hire-now tax credit (Part A); to amend the tax
  law, in relation to the franchise tax on business  corporations  (Part
  B); to amend the public service law, in relation to a temporary annual
  assessment;  to amend part NN of chapter 59 of the laws of 2009 amend-
  ing the public service law relating to  financing  operations  of  the
  department  of public service, in relation to the effectiveness there-
  of; and to amend the public service law, in relation to  reducing  the
  amount  a  utility  can be assessed (Part C); to amend the tax law, in
  relation to establishing the beer production and beer label tax  cred-
  its  (Part  D); to amend the tax law, in relation to the allocation of
  credit for the empire state film  production  credit;  and  to  repeal
  section  7  of  part P of chapter 60 of the laws of 2004, amending the
  tax law relating to the empire state film production credit,  relating
  thereto  (Part  E); and to amend the general municipal law and the tax
  law, in relation to establishing an angel tax credit  for  investments
  made in small businesses (Part F)

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

  Section 1. This act shall be known and may be cited as the  "2012  New
Jobs-NY job creation act".
  S  2.  This  act enacts into law components of legislation relating to
enacting the "2012 New Jobs-NY job creation act".    Each  component  is
wholly  contained  within  a  Part  identified as Parts A through F. 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  effective  date  of  the
Part,  which  makes  reference  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 four of this act sets forth the general effective date  of  this
act.

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

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.