Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Mar 23, 2010 |
print number 3084a |
Mar 23, 2010 |
amend and recommit to investigations and government operations |
Jan 06, 2010 |
referred to investigations and government operations |
Mar 10, 2009 |
referred to investigations and government operations |
Senate Bill S3084
2009-2010 Legislative Session
Sponsored By
(D, IP) Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Bill Amendments
2009-S3084 - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §§210 & 606, Tax L
2009-S3084 - Sponsor Memo
BILL NUMBER: S3084 TITLE OF BILL : An act to amend the tax law, in relation to the employment credit for qualified emerging technology companies PURPOSE OR GENERAL IDEA OF BILL : This legislation would increase the existing tax credit for jobs created by small companies engaged in high-technology fields. SUMMARY OF SPECIFIC PROVISIONS : The existing credit for full-time jobs created by qualified emerging technology companies (subdivision 12-E of Section 210 and subsection (q) of section 606) is amended to: * increase the credit from $1,000 to $1,500 per job; * add a credit of $2,000 for jobs created as the result of the company's commercialization of intellectual property acquired from a university in New York State; and, * add a credit of $3,000 for hiring new employees that are eligible for the targeted jobs tax credit or for benefits under the Federal Workforce Investment Act as a dislocated worker or low-income individual, are recipients of public assistance benefits, have an income below the U.S. poverty rate, or a veteran.
2009-S3084 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3084 2009-2010 Regular Sessions I N S E N A T E March 10, 2009 ___________ Introduced by Sen. VALESKY -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, in relation to the employment credit for qualified emerging technology companies THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (d) of subdivision 12-E of section 210 of the tax law, as added by section 32 of part A of chapter 56 of the laws of 1998, is amended to read as follows: (d) The amount of the credit shall equal THE SUM OF: (1) the product of one thousand FIVE HUNDRED dollars times the number of individuals employed full-time by the taxpayer in the taxable year that are in excess of one hundred percent of the taxpayer's base year employment AND (2) THE PRODUCT OF TWO THOUSAND DOLLARS TIMES THE NUMBER OF INDIVID- UALS EMPLOYED FULL-TIME BY THE TAXPAYER IN THE TAXABLE YEAR THAT ARE IN EXCESS OF ONE HUNDRED PERCENT OF THE TAXPAYER'S BASE YEAR EMPLOYMENT, PROVIDED THAT SUCH INDIVIDUALS ARE EMPLOYED BY THE TAXPAYER AS A RESULT OF THE TAXPAYER'S COMMERCIALIZATION OF INTELLECTUAL PROPERTY ACQUIRED FROM A COLLEGE OR UNIVERSITY INCORPORATED BY THE REGENTS OF THE UNIVER- SITY OF THE STATE OF NEW YORK, AND (3) THE PRODUCT OF THREE THOUSAND DOLLARS TIMES THE NUMBER OF "TARGET- ED EMPLOYEES", AS DEFINED IN SUBPARAGRAPH TWO OF PARAGRAPH (B) OF SUBDI- VISION NINETEEN OF THIS SECTION WITHOUT REGARD TO EMPIRE ZONE WAGES, EMPLOYED FULL-TIME BY THE TAXPAYER IN THE TAXABLE YEAR THAT ARE IN EXCESS OF ONE HUNDRED PERCENT OF THE TAXPAYER'S BASE YEAR EMPLOYMENT. S 2. Paragraph 4 of subsection (q) of section 606 of the tax law, as added by section 2 of part I of chapter 407 of the laws of 1999, is amended to read as follows: (4) The amount of the credit shall equal THE SUM OF: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04189-01-9
2009-S3084A (ACTIVE) - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §§210 & 606, Tax L
2009-S3084A (ACTIVE) - Sponsor Memo
BILL NUMBER: S3084A TITLE OF BILL : An act to amend the tax law, in relation to the employment credit for qualified emerging technology companies PURPOSE OR GENERAL IDEA OF BILL : This legislation would increase the existing tax credit for jobs created by small companies engaged in high technology fields. SUMMARY OF SPECIFIC PROVISIONS : The existing credit for full-time jobs created by qualified emerging technology companies (subdivision 12-E of Section 210 and subsection (q) of section 606) is amended to: * increase the credit from $1,000 to $2,000 per job; * add a credit of $3,000 for jobs created as the result of the company's commercialization of intellectual property acquired from a university in New York State; and, * add a credit of $4,000 for hiring new employees that are eligible for the targeted jobs tax credit or for benefits under the Federal Workforce Investment Act as a dislocated worker or low-income individual, are recipients of public assistance benefits, have an
2009-S3084A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3084--A 2009-2010 Regular Sessions I N S E N A T E March 10, 2009 ___________ Introduced by Sen. VALESKY -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations -- recommitted to the Committee on Investigations and Government Operations in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to the employment credit for qualified emerging technology companies THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (d) of subdivision 12-E of section 210 of the tax law, as added by section 32 of part A of chapter 56 of the laws of 1998, is amended to read as follows: (d) The amount of the credit shall equal THE SUM OF: (1) the product of [one] TWO thousand dollars times the number of individuals employed full-time by the taxpayer in the taxable year that are in excess of one hundred percent of the taxpayer's base year employ- ment AND (2) THE PRODUCT OF THREE THOUSAND DOLLARS TIMES THE NUMBER OF INDIVID- UALS EMPLOYED FULL-TIME BY THE TAXPAYER IN THE TAXABLE YEAR THAT ARE IN EXCESS OF ONE HUNDRED PERCENT OF THE TAXPAYER'S BASE YEAR EMPLOYMENT, PROVIDED THAT SUCH INDIVIDUALS ARE EMPLOYED BY THE TAXPAYER AS A RESULT OF THE TAXPAYER'S COMMERCIALIZATION OF INTELLECTUAL PROPERTY ACQUIRED FROM A COLLEGE OR UNIVERSITY INCORPORATED BY THE REGENTS OF THE UNIVER- SITY OF THE STATE OF NEW YORK, AND (3) THE PRODUCT OF FOUR THOUSAND DOLLARS TIMES THE NUMBER OF "TARGETED EMPLOYEES", AS DEFINED IN SUBPARAGRAPH TWO OF PARAGRAPH (B) OF SUBDIVI- SION NINETEEN OF THIS SECTION WITHOUT REGARD TO EMPIRE ZONE WAGES, EMPLOYED FULL-TIME BY THE TAXPAYER IN THE TAXABLE YEAR THAT ARE IN EXCESS OF ONE HUNDRED PERCENT OF THE TAXPAYER'S BASE YEAR EMPLOYMENT. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04189-02-0
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