Bill Text: NY S07236 | 2015-2016 | General Assembly | Introduced

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Bill Title: Provides a tax credit for the total number of eligible farm employees.

Spectrum: Partisan Bill (Republican 6-0)

Status: (Engrossed - Dead) 2016-04-11 - referred to ways and means [S07236 Detail]

Download: New_York-2015-S07236-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          7236
                    IN SENATE
                                      April 8, 2016
                                       ___________
        Introduced  by  Sen. RITCHIE -- 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
          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 a chapter of the laws of 2016, amending the  tax
     3  law  relating  to  creating  the  farm  workforce  retention  credit, as
     4  proposed in legislative bill numbers S. 6409-C and A. 9009-C, is amended
     5  to read as follows:
     6    (e) For taxable years beginning on or after January first,  two  thou-
     7  sand  seventeen  and  before  January  first, two thousand eighteen, the
     8  amount of the credit allowed under this section shall be  equal  to  the
     9  product  of  the  total number of eligible farm employees and [two] five
    10  hundred [fifty] dollars. For taxable years beginning on or after January
    11  first, two thousand eighteen and  before  January  first,  two  thousand
    12  nineteen,  the  amount of the credit allowed under this section shall be
    13  equal to the product of the total number of eligible farm employees  and
    14  [three]  six  hundred  dollars.  For taxable years beginning on or after
    15  January first, two thousand nineteen and before January first, two thou-
    16  sand twenty, the amount of the credit allowed under this  section  shall
    17  be  equal  to the product of the total number of eligible farm employees
    18  and [five] eight hundred dollars. For  taxable  years  beginning  on  or
    19  after  January  first, two thousand twenty and before January first, two
    20  thousand twenty-one, the amount of the credit allowed under this section
    21  shall be equal to the product of  the  total  number  of  eligible  farm
    22  employees  and  [four  hundred]  one thousand dollars. For taxable years
    23  beginning on or after January first, two thousand twenty-one and  before
    24  January first, two thousand twenty-two, the amount of the credit allowed
    25  under  this section shall be equal to the product of the total number of
    26  eligible farm employees and  [six  hundred]  one  thousand  two  hundred
    27  dollars.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14974-02-6