Assembly Bill A3566

2021-2022 Legislative Session

Establishes a small business tax credit for certain efforts taken to improve such small business's facility in an effort to reduce the spread of infectious diseases

download bill text pdf

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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

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2021-A3566 (ACTIVE) - Details

See Senate Version of this Bill:
S4680
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §§210-B & 606, Tax L
Versions Introduced in Other Legislative Sessions:
2019-2020: A10543
2023-2024: A3695, S4301

2021-A3566 (ACTIVE) - Summary

Establishes a small business tax credit for certain efforts taken to improve such small business's facility in an effort to reduce the spread of infectious diseases.

2021-A3566 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3566
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 27, 2021
                                ___________
 
 Introduced  by M. of A. ASHBY, PALMESANO, BRABENEC, BUTTENSCHON, BYRNES,
   DiPIETRO, DICKENS, FRONTUS, J. M. GIGLIO, HAWLEY, MANKTELOW,  M. MILL-
   ER,  B. MILLER,  MORINELLO, McDONOUGH, NORRIS, REILLY, RAMOS, SCHMITT,
   SALKA, TAGUE -- read once and referred to the Committee  on  Ways  and
   Means

 AN  ACT  to amend the tax law, in relation to establishing a small busi-
   ness tax credit for certain efforts taken to improve such small  busi-
   ness's  facility  in  an  effort  to  reduce  the spread of infectious
   diseases
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Section  210-B  of the tax law is amended by adding a new
 subdivision 55 to read as follows:
   55. SMALL BUSINESS TAX CREDIT; INFECTIOUS  DISEASE  MITIGATION.    (A)
 GENERAL.  A TAXPAYER THAT IS A SMALL BUSINESS SHALL BE ALLOWED A CREDIT,
 TO BE COMPUTED AS PROVIDED IN THIS SUBDIVISION, AGAINST THE TAX  IMPOSED
 BY THIS ARTICLE FOR EFFORTS TAKEN TO IMPROVE SUCH TAXPAYER'S FACILITY IN
 AN EFFORT TO REDUCE THE SPREAD OF INFECTIOUS DISEASES.
   (B)  AMOUNT  OF  CREDIT.  A CREDIT AUTHORIZED BY THIS SECTION SHALL BE
 EQUAL TO THE AMOUNT OF MONEY SPENT BY AN ELIGIBLE TAXPAYER TO CONSTRUCT,
 INSTALL, BUILD, AND/OR EQUIP SUCH TAXPAYER'S FACILITY WITH NEW AMENITIES
 PRIMARILY INTENDED TO REDUCE THE  SPREAD  OF  INFECTIOUS  DISEASES,  BUT
 SHALL  NOT  EXCEED  FIVE  THOUSAND DOLLARS TOTAL FOR EACH LOCATION WHERE
 SUCH NEW AMENITIES  HAVE  BEEN  CONSTRUCTED,  INSTALLED,  BUILT,  AND/OR
 EQUIPPED.
   (C) CARRYOVER. THE CREDIT ALLOWED UNDER THIS SUBDIVISION FOR ANY TAXA-
 BLE  YEAR  SHALL  NOT  REDUCE THE TAX DUE FOR SUCH YEAR TO LESS THAN THE
 AMOUNT PRESCRIBED IN PARAGRAPH (D) OF SUBDIVISION  ONE  OF  SECTION  TWO
 HUNDRED  TEN OF THIS ARTICLE. HOWEVER, IF THE AMOUNT OF CREDIT ALLOWABLE
 UNDER THIS SUBDIVISION FOR ANY TAXABLE YEAR  REDUCES  THE  TAX  TO  SUCH
 AMOUNT  OR  IF THE TAXPAYER OTHERWISE PAYS TAX BASED ON THE FIXED DOLLAR
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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