NY A00776 | 2011-2012 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 5 2011 - 25% progression, died in committee
Action: 2012-01-19 - print number 776a
Pending: Assembly Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 5 2011 - 25% progression, died in committee
Action: 2012-01-19 - print number 776a
Pending: Assembly Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Provides a 50% tax credit for new income tax revenue generated by a new employee; provides credit may be taken up to 10 years; provides that the Department of Economic Development must monitor and certify the additional employment for any business which applies for the credit; provides any company taking the credit must maintain employment in the state for twice the number of years as the term of the tax credit; provides the Department of Economic Development shall annually report to the governor and the Legislature on the number and amounts of credits.
Title
Provides a 50% tax credit for new income tax revenue generated by a new employee; provides credit may be taken up to 10 years; provides that the Department of Economic Development must monitor and certify the additional employment for any business which applies for the credit; provides any company taking the credit must maintain employment in the state for twice the number of years as the term of the tax credit; provides the Department of Economic Development shall annually report to the governor and the Legislature on the number and amounts of credits.
Sponsors
Asm. David Gantt [D] |
History
Date | Chamber | Action |
---|---|---|
2012-01-19 | Assembly | print number 776a |
2012-01-19 | Assembly | amend and recommit to ways and means |
2012-01-04 | Assembly | referred to ways and means |
2011-01-05 | Assembly | referred to ways and means |
Same As/Similar To
S05584 (Same As) 2012-01-04 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS