Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 04, 2012 |
referred to investigations and government operations |
Senate Bill S6135
2011-2012 Legislative Session
Sponsored By
(R, 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
2011-S6135 (ACTIVE) - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd ยงยง210 & 606, Tax L
2011-S6135 (ACTIVE) - Sponsor Memo
BILL NUMBER:S6135 TITLE OF BILL: An act to amend the tax law, in relation to qualified emerging technology company facilities, operations, and training credit PURPOSE OR GENERAL IDEA OF BILL: This bill extends the qualified emerging technology company facilities, operations and training credit for one year. SUMMARY OF SPECIFIC PROVISIONS: Relates to the qualified emerging technology company facilities, operations and training credit. This bill amends sections 210.12-G(h) and 606(nn)(8) to extend the sunset of the corporate franchise tax (Article 9-A) and personal income tax (Article 22) qualified emerging technologies company training credit for 1 year. The credit would sunset for taxable years beginning after December 31, 2012. EXISTING LAW: This credit expired and will not be allowed for taxable years beginning on and after January 1, 2012. JUSTIFICATION:
2011-S6135 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6135 I N S E N A T E (PREFILED) January 4, 2012 ___________ Introduced by Sen. ALESI -- 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 qualified emerging technolo- gy company facilities, operations, and training credit THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph (h) of subdivision 12-G of section 210 of the tax law, as amended by section 1-a of part A of chapter 63 of the laws of 2005, is amended to read as follows: (h) The credit allowed under this subdivision shall not be applicable for taxable years beginning on or after January first, two thousand [twelve] THIRTEEN. S 2. Paragraph 8 of subsection (nn) of section 606 of the tax law, as amended by section 1-a of part A of chapter 63 of the laws of 2005, is amended to read as follows: (8) The credit allowed under this subsection shall not be applicable for taxable years beginning on or after January first, two thousand [twelve] THIRTEEN. S 3. This act shall take effect immediately and shall apply to taxable years beginning on or after January 1, 2012. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13802-01-1
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