New York Assembly Bill 4844 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on February 8 2011 - 25% progression, died in committee
Action: 2012-01-04 - referred to cities
Pending: Assembly Cities Committee
Text: Latest bill text (Introduced) [HTML]

Provides income tax incentives in New York city for the creation of private sector jobs; provides for credits against an employer's local tax liability (banking corporation tax, commercial rent tax, general corporation tax, and unincorporated business tax) based upon the amount of incremental income tax withholding from new employees; provides for the administration of the program by the commissioner of finance of the city of New York; permits the credit to be claimed for a maximum of 12 taxable years; directs such commissioner to make an annual report on the program.

Provides income tax incentives in New York city for the creation of private sector jobs; provides for credits against an employer's local tax liability (banking corporation tax, commercial rent tax, general corporation tax, and unincorporated business tax) based upon the amount of incremental income tax withholding from new employees; provides for the administration of the program by the commissioner of finance of the city of New York; permits the credit to be claimed for a maximum of 12 taxable years; directs such commissioner to make an annual report on the program.

Asm. Keith Wright [D]

Asm. Karim Camara [D]

Date	Chamber	Action
2012-01-04	Assembly	referred to cities
2011-02-08	Assembly	referred to cities

Type	Source
Summary	https://assembly.state.ny.us/leg/?default_fld=&bn=A04844&term=2011&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y
Text	https://assembly.state.ny.us/leg/?default_fld=&bn=A04844&term=2011&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A04844