NY A02271 | 2023-2024 | General Assembly
Status
Spectrum: Strong Partisan Bill (Republican 11-1)
Status: Introduced on January 25 2023 - 25% progression, died in committee
Action: 2024-01-03 - referred to economic development
Pending: Assembly Economic Development, Job Creation, Commerce and Industry Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 25 2023 - 25% progression, died in committee
Action: 2024-01-03 - referred to economic development
Pending: Assembly Economic Development, Job Creation, Commerce and Industry Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Creates a tax credit for manufacturing companies that have one established place of business in the state and relocate a minimum of fifty employees from outside the state to the state; provides that manufacturing companies shall be allowed a credit in the amount of 2.5 percent of the average salaries of newly created manufacturing jobs multiplied by number of new jobs brought to the state.
Title
Creates a tax credit for manufacturing companies that have one established place of business in the state and relocate a minimum of fifty employees from outside the state to the state; provides that manufacturing companies shall be allowed a credit in the amount of 2.5 percent of the average salaries of newly created manufacturing jobs multiplied by number of new jobs brought to the state.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-01-03 | Assembly | referred to economic development |
| 2023-01-25 | Assembly | referred to economic development |
