NY S04904 | 2019-2020 | General Assembly

Status

Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on March 29 2019 - 25% progression
Action: 2019-03-29 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
Pending: Senate Investigations and Government Operations Committee
Text: Latest bill text (Introduced) [HTML]

Summary

Creates a biotechnology research and development investment tax credit; provides that such credit shall be the product of fifteen percent and the qualified Bio/Med research and development costs paid or incurred in the state; allows credit for the taxable year in which the qualified Bio/Med research and development activity occurs.

Tracking Information

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Title

Creates a biotechnology research and development investment tax credit; provides that such credit shall be the product of fifteen percent and the qualified Bio/Med research and development costs paid or incurred in the state; allows credit for the taxable year in which the qualified Bio/Med research and development activity occurs.

Sponsors


History

DateChamberAction
2019-03-29SenateREFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

New York State Sources


Bill Comments

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