Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 05, 2014 |
print number 6737b |
May 05, 2014 |
amend and recommit to investigations and government operations |
Apr 23, 2014 |
print number 6737a |
Apr 23, 2014 |
amend and recommit to investigations and government operations |
Mar 05, 2014 |
referred to investigations and government operations |
Senate Bill S6737
2013-2014 Legislative Session
Sponsored By
(D) 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
co-Sponsors
(D) Senate District
(D, IP) Senate District
(D, IP) Senate District
2013-S6737 - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Add §§41 & 187-t, amd §§210, 606, 1456 & 1511, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2015-2016:
S2703
2017-2018: S1406
2019-2020: S1144
2013-S6737 - Sponsor Memo
BILL NUMBER:S6737 TITLE OF BILL: An act to amend the tax law, in relation to establishing tax credits for taxpayers which provide their employees with access to federal qualified transportation fringe benefits PURPOSE: To provide businesses with a tax credit as an incentive to offer their employees federal qualified transportation benefits. SUMMARY OF PROVISIONS: Section 1 adds a new section 41 to the tax law. This section gives filers who file under articles nine, nine-A, twenty-two, thirty-two, or thirty-three of the tax law a credit against such taxes in tax year 2014. The credit is equal to $50 for each employee who elects to participate in a qualified fringe transportation benefit program offered by the employer, as defined by section 132(f) of the Internal Revenue Code. This credit can be claimed only by an employer who establishes such a program on the tax year they claimed the credit for without having offered such a program previously. The maximum credit any tax payer can claim is $50,000. The maximum amount which can be claimed for this credit by all filers is $5 million. Section 2 adds a new section 187-t of the tax law to establish the
2013-S6737 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6737 I N S E N A T E March 5, 2014 ___________ Introduced by Sens. CARLUCCI, KLEIN, SAVINO, VALESKY -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations AN ACT to amend the tax law, in relation to establishing tax credits for taxpayers which provide their employees with access to federal quali- fied transportation fringe benefits THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The tax law is amended by adding a new section 41 to read as follows: S 41. CREDIT FOR PROVISION OF EMPLOYEE FEDERAL QUALIFIED TRANSPORTA- TION FRINGE BENEFITS. (A) ALLOWANCE OF CREDIT. FOR THE TAXABLE YEAR COMMENCING ON JANUARY FIRST, TWO THOUSAND FOURTEEN, A TAXPAYER SUBJECT TO TAX UNDER ARTICLE NINE, NINE-A, TWENTY-TWO, THIRTY-TWO OR THIRTY-THREE OF THIS CHAPTER SHALL BE ALLOWED A CREDIT AGAINST SUCH TAX, PURSUANT TO THE PROVISIONS REFERENCED IN SUBDIVISION (D) OF THIS SECTION. THE CREDIT SHALL BE ALLOWED WHERE A TAXPAYER HAS ESTABLISHED AND IMPLEMENTED FEDERAL QUALIFIED TRANSPORTATION FRINGE BENEFITS FOR ITS EMPLOYEES DURING THE TAXABLE YEAR IN WHICH SUCH CREDIT IS CLAIMED, AND THE TAXPAYER HAS NOT PROVIDED SUCH BENEFITS TO ITS EMPLOYEES DURING ANY PRIOR TAXABLE YEAR. THE CREDIT SHALL BE EQUAL TO FIFTY DOLLARS FOR EACH EMPLOYEE OF THE TAXPAYER WHO ELECTED TO PARTICIPATE IN THE TAXPAYER'S FEDERAL QUALIFIED TRANSPORTATION FRINGE BENEFITS PROGRAM DURING THE TAXABLE YEAR IN WHICH SUCH PROGRAM IS ESTABLISHED BY THE TAXPAYER. THE AMOUNT OF THE CREDIT GRANTED TO ANY TAXPAYER PURSUANT TO THIS SECTION SHALL NOT EXCEED FIFTY THOUSAND DOLLARS. (B) DEFINITION. AS USED IN THIS SECTION, "FEDERAL QUALIFIED TRANSPOR- TATION FRINGE BENEFITS" MEANS A QUALIFIED FEDERAL TRANSPORTATION FRINGE BENEFITS PROGRAM ESTABLISHED AND IMPLEMENTED BY A TAXPAYER IN ACCORDANCE WITH SECTION 132(F) OF THE INTERNAL REVENUE CODE AND THE REGULATIONS ADOPTED PURSUANT THERETO. EVERY SUCH PROGRAM SHALL BE ADMINISTERED BY A THIRD PARTY PROGRAM ADMINISTRATOR. (C) CROSS REFERENCES. FOR APPLICATION OF THE CREDIT PROVIDED FOR IN THIS SECTION, SEE THE FOLLOWING PROVISIONS OF THIS CHAPTER: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
(D) Senate District
(D, IP) Senate District
(D, IP) Senate District
2013-S6737A - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Add §§41 & 187-t, amd §§210, 606, 1456 & 1511, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2015-2016:
S2703
2017-2018: S1406
2019-2020: S1144
2013-S6737A - Sponsor Memo
BILL NUMBER:S6737A TITLE OF BILL: An act to amend the tax law, in relation to establishing tax credits for taxpayers which provide their employees with access to federal qualified transportation fringe benefits PURPOSE: To provide businesses with a tax credit as an incentive to offer their employees federal qualified transportation benefits. SUMMARY OF PROVISIONS: Section 1 adds a new section 42 to the tax law. This section gives filers who file under articles nine, nine-A, twenty-two, thirty-two, or thirty-three of the tax law a credit against such taxes in tax year 2014. The credit is equal to $50 for each employee who elects to participate in a qualified fringe transportation benefit program offered by the employer, as defined by section 132(f) of the Internal Revenue Code. This credit can be claimed only by an employer who establishes such a program on the tax year they claimed the credit for without having offered such a program previously. The maximum credit any tax payer can claim is $50,000. The maximum amount which can be claimed for this credit by all filers is $5 million. Section 2 adds a new section 187-t of the tax law to establish the
2013-S6737A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6737--A I N S E N A T E March 5, 2014 ___________ Introduced by Sens. CARLUCCI, KLEIN, SAVINO, VALESKY -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee AN ACT to amend the tax law, in relation to establishing tax credits for taxpayers which provide their employees with access to federal quali- fied transportation fringe benefits THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The tax law is amended by adding a new section 42 to read as follows: S 42. CREDIT FOR PROVISION OF EMPLOYEE FEDERAL QUALIFIED TRANSPORTA- TION FRINGE BENEFITS. (A) ALLOWANCE OF CREDIT. FOR THE TAXABLE YEAR COMMENCING ON JANUARY FIRST, TWO THOUSAND FOURTEEN, A TAXPAYER SUBJECT TO TAX UNDER ARTICLE NINE, NINE-A, TWENTY-TWO, THIRTY-TWO OR THIRTY-THREE OF THIS CHAPTER SHALL BE ALLOWED A CREDIT AGAINST SUCH TAX, PURSUANT TO THE PROVISIONS REFERENCED IN SUBDIVISION (D) OF THIS SECTION. THE CREDIT SHALL BE ALLOWED WHERE A TAXPAYER HAS ESTABLISHED AND IMPLEMENTED FEDERAL QUALIFIED TRANSPORTATION FRINGE BENEFITS FOR ITS EMPLOYEES DURING THE TAXABLE YEAR IN WHICH SUCH CREDIT IS CLAIMED, AND THE TAXPAYER HAS NOT PROVIDED SUCH BENEFITS TO ITS EMPLOYEES DURING ANY PRIOR TAXABLE YEAR. THE CREDIT SHALL BE EQUAL TO FIFTY DOLLARS FOR EACH EMPLOYEE OF THE TAXPAYER WHO ELECTED TO PARTICIPATE IN THE TAXPAYER'S FEDERAL QUALIFIED TRANSPORTATION FRINGE BENEFITS PROGRAM DURING THE TAXABLE YEAR IN WHICH SUCH PROGRAM IS ESTABLISHED BY THE TAXPAYER. THE AMOUNT OF THE CREDIT GRANTED TO ANY TAXPAYER PURSUANT TO THIS SECTION SHALL NOT EXCEED FIFTY THOUSAND DOLLARS. (B) DEFINITION. AS USED IN THIS SECTION, "FEDERAL QUALIFIED TRANSPOR- TATION FRINGE BENEFITS" MEANS A QUALIFIED FEDERAL TRANSPORTATION FRINGE BENEFITS PROGRAM ESTABLISHED AND IMPLEMENTED BY A TAXPAYER IN ACCORDANCE WITH SECTION 132(F) OF THE INTERNAL REVENUE CODE AND THE REGULATIONS ADOPTED PURSUANT THERETO. EVERY SUCH PROGRAM SHALL BE ADMINISTERED BY A THIRD PARTY PROGRAM ADMINISTRATOR. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
(D) Senate District
(D, IP) Senate District
(D, IP) Senate District
2013-S6737B (ACTIVE) - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Add §§41 & 187-t, amd §§210, 606, 1456 & 1511, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2015-2016:
S2703
2017-2018: S1406
2019-2020: S1144
2013-S6737B (ACTIVE) - Sponsor Memo
BILL NUMBER:S6737B TITLE OF BILL: An act to amend the tax law, in relation to establishing tax credits for taxpayers which provide their employees with access to federal qualified transportation fringe benefits PURPOSE: To provide businesses with a tax credit as an incentive to offer their employees federal qualified transportation benefits. SUMMARY OF PROVISIONS: Section 1 adds a new section 42 to the tax law. This section gives filers who file under articles nine, nine-A, twenty-two, thirty-two, or thirty-three of the tax law a credit against such taxes in tax year 2014. The credit is equal to $50 for each employee who elects to participate in a qualified fringe transportation benefit program offered by the employer, as defined by section 132(f) of the Internal Revenue Code. This credit can be claimed only by an employer who establishes such a program on the tax year they claimed the credit for without having offered such a program previously. The maximum credit any tax payer can claim is $50,000. The maximum amount which can be claimed for this credit by all filers is $5 million. Section 2 adds a new section 187-t of the tax law to establish the credit explained above in article nine of the tax law. Section 3 amends section 210 of the tax law by adding a new
2013-S6737B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6737--B I N S E N A T E March 5, 2014 ___________ Introduced by Sens. CARLUCCI, KLEIN, SAVINO, VALESKY -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to establishing tax credits for taxpayers which provide their employees with access to federal quali- fied transportation fringe benefits THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The tax law is amended by adding a new section 42 to read as follows: S 42. CREDIT FOR PROVISION OF EMPLOYEE FEDERAL QUALIFIED TRANSPORTA- TION FRINGE BENEFITS. (A) ALLOWANCE OF CREDIT. FOR THE TAXABLE YEAR COMMENCING ON JANUARY FIRST, TWO THOUSAND FOURTEEN, A TAXPAYER SUBJECT TO TAX UNDER ARTICLE NINE, NINE-A, TWENTY-TWO, THIRTY-TWO OR THIRTY-THREE OF THIS CHAPTER SHALL BE ALLOWED A CREDIT AGAINST SUCH TAX, PURSUANT TO THE PROVISIONS REFERENCED IN SUBDIVISION (D) OF THIS SECTION. THE CREDIT SHALL BE ALLOWED WHERE A TAXPAYER HAS ESTABLISHED AND IMPLEMENTED FEDERAL QUALIFIED TRANSPORTATION FRINGE BENEFITS FOR ITS EMPLOYEES DURING THE TAXABLE YEAR IN WHICH SUCH CREDIT IS CLAIMED, AND THE TAXPAYER HAS NOT PROVIDED SUCH BENEFITS TO ITS EMPLOYEES DURING ANY PRIOR TAXABLE YEAR. THE CREDIT SHALL BE EQUAL TO FIFTY DOLLARS FOR EACH EMPLOYEE OF THE TAXPAYER WHO ELECTED TO PARTICIPATE IN THE TAXPAYER'S FEDERAL QUALIFIED TRANSPORTATION FRINGE BENEFITS PROGRAM DURING THE TAXABLE YEAR IN WHICH SUCH PROGRAM IS ESTABLISHED BY THE TAXPAYER. THE AMOUNT OF THE CREDIT GRANTED TO ANY TAXPAYER PURSUANT TO THIS SECTION SHALL NOT EXCEED FIFTY THOUSAND DOLLARS. (B) DEFINITION. AS USED IN THIS SECTION, "FEDERAL QUALIFIED TRANSPOR- TATION FRINGE BENEFITS" MEANS A QUALIFIED FEDERAL TRANSPORTATION FRINGE BENEFITS PROGRAM ESTABLISHED AND IMPLEMENTED BY A TAXPAYER IN ACCORDANCE WITH SECTION 132(F) OF THE INTERNAL REVENUE CODE AND THE REGULATIONS EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13197-05-4
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