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) 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.
                                                                   LBD13905-02-9

        S. 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  January
    10  1, 2022].
    11    § 3. This act shall take effect immediately.
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