| Assembly Actions - Lowercase Senate Actions - UPPERCASE |
|
|---|---|
| Apr 11, 2016 | referred to ways and means delivered to assembly passed senate ordered to third reading cal.544 committee discharged and committed to rules |
| Apr 08, 2016 | print number 7158a |
| Apr 08, 2016 | amend (t) and recommit to finance |
| Apr 01, 2016 | referred to finance |
senate Bill S7158A
2015-2016 Legislative Session
Sponsored By
Kenneth P. LaValle
(R) 0 Senate District
Archive: Last Bill Status - Passed Senate
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
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Bill Amendments
S7158 - Details
- Law Section:
- Tax Law
- Laws Affected:
- Amd §42, Tax L
S7158 - Sponsor Memo
BILL NUMBER: S7158 REVISED MEMO 04/04/2016 TITLE OF BILL : An act to amend the tax law, in relation to the farm workforce retention credit PURPOSE : To amend the farm workforce retention credit as proposed in legislative bill numbers S6409-C and A.9009-C by providing separate tax credits for the Counties of Nassau and Suffolk. SUMMARY OF PROVISIONS : Section 1. Provides for a new subdivision e-1 of section 42 of the tax law by establishing monetary amounts for credits for tax years 2017 through 2021. Section 2. Amends the proposed subdivision (e) of section 42 of the tax law by correcting the monetary amounts for tax years 2019 and 2020. JUSTIFICATION : The proposed Farm Workforce Retention Act is aimed at providing relief to farmers who are incurring increased expenses through wage escalation for the next five years. The present legislation provides
S7158 - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
7158
I N S E N A T E
April 1, 2016
___________
Introduced by Sen. LAVALLE -- 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 farm workforce retention
credit
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 42 of the tax law, as added by section 1 of part RR
of a chapter of the laws of 2016, amending the tax law relating to
creating the farm workforce retention credit, as proposed in legislative
bill numbers S. 6409-C and A. 9009-C, is amended by adding a new subdi-
vision (e-1) to read as follows:
(E-1) FOR TAXABLE YEARS BEGINNING ON OR AFTER JANUARY FIRST, TWO THOU-
SAND SEVENTEEN AND BEFORE JANUARY FIRST, TWO THOUSAND EIGHTEEN, IF SUCH
FARM IS LOCATED IN NASSAU OR SUFFOLK COUNTY, THE AMOUNT OF THE CREDIT
ALLOWED UNDER THIS SECTION SHALL BE EQUAL TO THE PRODUCT OF THE TOTAL
NUMBER OF ELIGIBLE FARM EMPLOYEES AND FIVE HUNDRED DOLLARS. FOR TAXABLE
YEARS BEGINNING ON OR AFTER JANUARY FIRST, TWO THOUSAND EIGHTEEN AND
BEFORE JANUARY FIRST, TWO THOUSAND NINETEEN, IF SUCH FARM IS LOCATED IN
NASSAU OR SUFFOLK COUNTY, THE AMOUNT OF THE CREDIT ALLOWED UNDER THIS
SECTION SHALL BE EQUAL TO THE PRODUCT OF THE TOTAL NUMBER OF ELIGIBLE
FARM EMPLOYEES AND SIX HUNDRED DOLLARS. FOR TAXABLE YEARS BEGINNING ON
OR AFTER JANUARY FIRST, TWO THOUSAND NINETEEN AND BEFORE JANUARY FIRST,
TWO THOUSAND TWENTY, IF SUCH FARM IS LOCATED IN NASSAU OR SUFFOLK COUN-
TY, THE AMOUNT OF THE CREDIT ALLOWED UNDER THIS SECTION SHALL BE EQUAL
TO THE PRODUCT OF THE TOTAL NUMBER OF ELIGIBLE FARM EMPLOYEES AND EIGHT
HUNDRED DOLLARS. FOR TAXABLE YEARS BEGINNING ON OR AFTER JANUARY FIRST,
TWO THOUSAND TWENTY AND BEFORE JANUARY FIRST, TWO THOUSAND TWENTY-ONE,
IF SUCH FARM IS LOCATED IN NASSAU OR SUFFOLK COUNTY, THE AMOUNT OF THE
CREDIT ALLOWED UNDER THIS SECTION SHALL BE EQUAL TO THE PRODUCT OF THE
TOTAL NUMBER OF ELIGIBLE FARM EMPLOYEES AND ONE THOUSAND DOLLARS. FOR
TAXABLE YEARS BEGINNING ON OR AFTER JANUARY FIRST, TWO THOUSAND TWENTY-
ONE AND BEFORE JANUARY FIRST, TWO THOUSAND TWENTY-TWO, THE AMOUNT OF THE
CREDIT ALLOWED UNDER THIS SECTION SHALL BE EQUAL TO THE PRODUCT OF THE
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD14887-02-6
Co-Sponsors
William J. Larkin, Jr.
(R, C) 0 Senate District
S7158A (ACTIVE) - Details
- Law Section:
- Tax Law
- Laws Affected:
- Amd §42, Tax L
S7158A (ACTIVE) - Sponsor Memo
BILL NUMBER: S7158A TITLE OF BILL : An act to amend the tax law, in relation to the farm workforce retention credit for Nassau and Suffolk counties PURPOSE : To amend the farm workforce retention credit as proposed in legislative bill numbers S6409-C and A.9009-C by providing separate tax credits for the Counties of Nassau and Suffolk. SUMMARY OF PROVISIONS : Section 1. Provides for a new subdivision e-1 of section 42 of the tax law by establishing monetary amounts for credits for tax years 2017 through 2021. JUSTIFICATION : The proposed Farm Workforce Retention Act is aimed at providing relief to farmers who are incurring increased expenses through wage escalation for the next five years. The present legislation provides for a state wide credit system. Due to the fact that the counties of Nassau and Suffolk will have greater wage costs, a single statewide credit is inequitable. This bill will give Long Island farmers a fair credit.
S7158A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
7158--A
I N S E N A T E
April 1, 2016
___________
Introduced by Sen. LAVALLE -- read twice and ordered printed, and when
printed to be committed to the Committee on Finance -- committee
discharged, bill amended, ordered reprinted as amended and recommitted
to said committee
AN ACT to amend the tax law, in relation to the farm workforce retention
credit for Nassau and Suffolk counties
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 42 of the tax law, as added by section 1 of part RR
of a chapter of the laws of 2016, amending the tax law relating to
creating the farm workforce retention credit, as proposed in legislative
bill numbers S. 6409-C and A. 9009-C, is amended by adding a new subdi-
vision (e-1) to read as follows:
(E-1) FOR TAXABLE YEARS BEGINNING ON OR AFTER JANUARY FIRST, TWO THOU-
SAND SEVENTEEN AND BEFORE JANUARY FIRST, TWO THOUSAND EIGHTEEN, IF SUCH
FARM IS LOCATED IN NASSAU OR SUFFOLK COUNTY, THE AMOUNT OF THE CREDIT
ALLOWED UNDER THIS SECTION SHALL BE EQUAL TO THE PRODUCT OF THE TOTAL
NUMBER OF ELIGIBLE FARM EMPLOYEES AND SIX HUNDRED DOLLARS. FOR TAXABLE
YEARS BEGINNING ON OR AFTER JANUARY FIRST, TWO THOUSAND EIGHTEEN AND
BEFORE JANUARY FIRST, TWO THOUSAND NINETEEN, IF SUCH FARM IS LOCATED IN
NASSAU OR SUFFOLK COUNTY, THE AMOUNT OF THE CREDIT ALLOWED UNDER THIS
SECTION SHALL BE EQUAL TO THE PRODUCT OF THE TOTAL NUMBER OF ELIGIBLE
FARM EMPLOYEES AND NINE HUNDRED DOLLARS. FOR TAXABLE YEARS BEGINNING ON
OR AFTER JANUARY FIRST, TWO THOUSAND NINETEEN AND BEFORE JANUARY FIRST,
TWO THOUSAND TWENTY, IF SUCH FARM IS LOCATED IN NASSAU OR SUFFOLK COUN-
TY, THE AMOUNT OF THE CREDIT ALLOWED UNDER THIS SECTION SHALL BE EQUAL
TO THE PRODUCT OF THE TOTAL NUMBER OF ELIGIBLE FARM EMPLOYEES AND ONE
THOUSAND TWO HUNDRED DOLLARS. FOR TAXABLE YEARS BEGINNING ON OR AFTER
JANUARY FIRST, TWO THOUSAND TWENTY AND BEFORE JANUARY FIRST, TWO THOU-
SAND TWENTY-ONE, IF SUCH FARM IS LOCATED IN NASSAU OR SUFFOLK COUNTY,
THE AMOUNT OF THE CREDIT ALLOWED UNDER THIS SECTION SHALL BE EQUAL TO
THE PRODUCT OF THE TOTAL NUMBER OF ELIGIBLE FARM EMPLOYEES AND ONE THOU-
SAND FIVE HUNDRED DOLLARS. FOR TAXABLE YEARS BEGINNING ON OR AFTER JANU-
ARY FIRST, TWO THOUSAND TWENTY-ONE AND BEFORE JANUARY FIRST, TWO THOU-
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
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