senate Bill S822

2013-2014 Legislative Session

Establishes the capital investment jobs retention program

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate 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 (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to commerce, economic development and small business
Jan 09, 2013 referred to commerce, economic development and small business

S822 - Details

Law Section:
Economic Development Law
Laws Affected:
Add Art 21 §§440 - 449, Ec Dev L; add §38, amd §§210, 606, 1456 & 1511, Tax L
Versions Introduced in 2011-2012 Legislative Session:
S7653

S822 - Summary

Establishes the capital investment jobs retention program offering a tax credit program for businesses within New York state that opt to make large capital investments and maintain certain job levels.

S822 - Sponsor Memo

S822 - Bill Text download pdf

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

                                   822

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced  by  Sen. KENNEDY -- read twice and ordered printed, and when
  printed to be committed to the Committee on Commerce, Economic  Devel-
  opment and Small Business

AN  ACT  to  amend  the  economic  development  law  and the tax law, in
  relation to establishing the capital investment jobs retention program

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

  Section  1.  The  economic  development law is amended by adding a new
article 21 to read as follows:
                               ARTICLE 21
                CAPITAL INVESTMENT JOBS RETENTION PROGRAM
SECTION 440. SHORT TITLE.
        441. DEFINITIONS.
        442. ELIGIBILITY CRITERIA.
        443. APPLICATION AND APPROVAL PROCESS.
        444. CAPITAL INVESTMENT JOBS RETENTION PROGRAM CREDIT.
        445. POWERS AND DUTIES OF THE COMMISSIONER.
        446. MAINTENANCE OF RECORDS.
        447. REPORTING.
        448. CAP ON TAX CREDIT.
        449. PENALTIES.
  S 440. SHORT TITLE. THIS ARTICLE SHALL BE KNOWN AND MAY  BE  CITED  AS
THE "CAPITAL INVESTMENT JOBS RETENTION PROGRAM".
  S 441. DEFINITIONS. FOR THE PURPOSES OF THIS ARTICLE:
  1.  "AGRICULTURE"  MEANS  BOTH AGRICULTURAL PRODUCTION (ESTABLISHMENTS
PERFORMING THE COMPLETE FARM OR RANCH OPERATION, SUCH AS FARM  OWNER-OP-
ERATORS,  TENANT  FARM  OPERATORS,  AND  SHARECROPPERS) AND AGRICULTURAL
SUPPORT (ESTABLISHMENTS THAT PERFORM ONE OR MORE  ACTIVITIES  ASSOCIATED
WITH FARM OPERATION, SUCH AS SOIL PREPARATION, PLANTING, HARVESTING, AND
MANAGEMENT, ON A CONTRACT OR FEE BASIS).
  2. "BACK OFFICE OPERATIONS" MEANS A BUSINESS FUNCTION THAT MAY INCLUDE
ONE  OR  MORE OF THE FOLLOWING ACTIVITIES: CUSTOMER SERVICE, INFORMATION

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