senate Bill S7462

Signed By Governor
2011-2012 Legislative Session

Relates to extending the tax credit for biotechnology against the general corporation tax, unincorporated business tax, and banking corporation tax in certain cities

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Archive: Last Bill Status -


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

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Actions

view actions (13)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Aug 17, 2012 signed chap.429
Aug 06, 2012 delivered to governor
Jun 19, 2012 returned to senate
passed assembly
ordered to third reading rules cal.367
substituted for a10352
Jun 11, 2012 referred to ways and means
delivered to assembly
passed senate
Jun 05, 2012 advanced to third reading
Jun 04, 2012 2nd report cal.
May 31, 2012 1st report cal.980
May 22, 2012 referred to investigations and government operations

Votes

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May 31, 2012 - Investigations and Government Operations committee Vote

S7462
7
0
committee
7
Aye
0
Nay
0
Aye with Reservations
0
Absent
1
Excused
0
Abstained
show Investigations and Government Operations committee vote details

Investigations and Government Operations Committee Vote: May 31, 2012

excused (1)

Co-Sponsors

S7462 - Details

See Assembly Version of this Bill:
A10352
Law Section:
Tax Law
Laws Affected:
Amd ยง1201-a, Tax L

S7462 - Summary

Relates to extending the tax credit for biotechnology against the general corporation tax, unincorporated business tax, and banking corporation tax in certain cities.

S7462 - Sponsor Memo

S7462 - Bill Text download pdf

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

                                  7462

                            I N  S E N A T E

                              May 22, 2012
                               ___________

Introduced  by  Sen.  GOLDEN -- 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 extending the  authorization
  for  any  city having a population of one million or more to provide a
  biotechnology credit against the general corporation  tax,  unincorpo-
  rated business tax, and banking corporation tax of such city

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

  Section 1. Paragraph 5 of subdivision d of section 1201-a of  the  tax
law,  as added by chapter 453 of the laws of 2009, is amended to read as
follows:
  5. Any local law adopted pursuant to this subdivision may provide  for
a  credit  as  authorized  by  this  subdivision  for a maximum of three
consecutive calendar years, provided, however, that any such credit  may
not  apply to taxable years beginning before January first, two thousand
ten or beginning on or after  January  first,  two  thousand  [thirteen]
SIXTEEN.
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15867-01-2

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