Bill Text: NY S06773 | 2019-2020 | General Assembly | Introduced
Bill Title: Increases the amount of the farm workforce retention credit from $600 to $1,200 per farm employee.
Spectrum: Partisan Bill (Democrat 20-0)
Status: (Engrossed - Dead) 2020-03-02 - referred to ways and means [S06773 Detail]
Download: New_York-2019-S06773-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 6773 2019-2020 Regular Sessions IN SENATE October 11, 2019 ___________ Introduced by Sen. METZGER -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the tax law, in relation to the farm workforce retention credit; and to amend chapter 60 of the laws of 2016 amending the tax law relating to creating a farm workforce retention credit, in relation to the effectiveness of such provisions The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision (e) of section 42 of the tax law, as added by 2 section 1 of part RR of chapter 60 of the laws of 2016, is amended to 3 read as follows: 4 (e) For taxable years beginning on or after January first, two thou- 5 sand seventeen and before January first, two thousand eighteen, the 6 amount of the credit allowed under this section shall be equal to the 7 product of the total number of eligible farm employees and two hundred 8 fifty dollars. For taxable years beginning on or after January first, 9 two thousand eighteen and before January first, two thousand nineteen, 10 the amount of the credit allowed under this section shall be equal to 11 the product of the total number of eligible farm employees and three 12 hundred dollars. For taxable years beginning on or after January first, 13 two thousand nineteen and before January first, two thousand twenty, the 14 amount of the credit allowed under this section shall be equal to the 15 product of the total number of eligible farm employees and five hundred 16 dollars. For taxable years beginning on or after January first, two 17 thousand twenty and before January first, two thousand twenty-one, the 18 amount of the credit allowed under this section shall be equal to the 19 product of the total number of eligible farm employees and four hundred 20 dollars. For taxable years beginning on or after January first, two 21 thousand twenty-one and before January first, two thousand twenty-two, 22 the amount of the credit allowed under this section shall be equal to 23 the product of the total number of eligible farm employees and [six] EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD13905-02-9S. 6773 2 1 eight hundred dollars. For taxable years beginning on or after January 2 first, two thousand twenty-two, the amount of the credit allowed under 3 this section shall be equal to the product of the total number of eligi- 4 ble farm employees and twelve hundred dollars. 5 § 2. Section 5 of part RR of chapter 60 of the laws of 2016 amending 6 the tax law relating to creating a farm workforce retention credit is 7 amended to read as follows: 8 § 5. This act shall take effect immediately and shall apply only to 9 taxable years beginning on or after January 1, 2017 [and before January101, 2022]. 11 § 3. This act shall take effect immediately.
