Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 14, 2018 |
held for consideration in ways and means |
Jan 03, 2018 |
referred to ways and means |
Mar 17, 2017 |
referred to ways and means |
Assembly Bill A6758
2017-2018 Legislative Session
Sponsored By
KOLB
Archive: Last Bill Status - In Assembly Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
co-Sponsors
Marc Butler
Robert Oaks
Michael Montesano
David DiPietro
multi-Sponsors
William A. Barclay
Clifford Crouch
Gary Finch
Michael J. Fitzpatrick
2017-A6758 (ACTIVE) - Details
2017-A6758 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6758 2017-2018 Regular Sessions I N A S S E M B L Y March 17, 2017 ___________ Introduced by M. of A. KOLB, BUTLER, OAKS, MONTESANO, DiPIETRO -- Multi-Sponsored by -- M. of A. BARCLAY, CROUCH, FINCH, FITZPATRICK, GIGLIO, HAWLEY, LOPEZ, McDONOUGH, McKEVITT, RAIA, THIELE -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to eliminating the corporate franchise and personal income tax on manufacturers THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph 1 of paragraph (b) of subdivision 1 of section 210 of the tax law, as amended by section 18 of part T of chapter 59 of the laws of 2015, is amended to read as follows: (1) [(i)] The amount prescribed by this paragraph shall be computed at .15 percent for each dollar of the taxpayer's total business capital, or the portion thereof apportioned within the state as hereinafter provided for taxable years beginning before January first, two thousand sixteen. However, in the case of a cooperative housing corporation as defined in the internal revenue code, the applicable rate shall be .04 percent until taxable years beginning on or after January first, two thousand twenty. The rate of tax for subsequent tax years shall be as follows: .125 percent for taxable years beginning on or after January first, two thousand sixteen and before January first, two thousand seventeen; .100 percent for taxable years beginning on or after January first, two thousand seventeen and before January first, two thousand eighteen; .075 percent for taxable years beginning on or after January first, two thousand eighteen and before January first, two thousand nineteen; .050 percent for taxable years beginning on or after January first, two thousand nineteen and before January first, two thousand twenty; .025 percent for taxable years beginning on or after January first, two thousand twenty and before January first, two thousand twen- ty-one; and zero percent for years beginning on or after January first, two thousand twenty-one. The rate of tax for a qualified New York EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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