NY A05244 | 2019-2020 | General Assembly

Status

Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: Introduced on February 7 2019 - 25% progression
Action: 2019-02-07 - referred to ways and means
Pending: Assembly Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Establishes a five percent investment tax credit against the franchise tax imposed upon corporations for a portion of training or retraining expenses incurred by them in an eligible business facility, pursuant to rules and regulations of the department of taxation and finance promulgated in consultation with the department of labor.

Tracking Information

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Title

Establishes a five percent investment tax credit against the franchise tax imposed upon corporations for a portion of training or retraining expenses incurred by them in an eligible business facility, pursuant to rules and regulations of the department of taxation and finance promulgated in consultation with the department of labor.

Sponsors


History

DateChamberAction
2019-02-07Assemblyreferred to ways and means

New York State Sources


Bill Comments

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