Assembly Bill A9997

2013-2014 Legislative Session

Relates to the empire zone wage tax credit for certain manufacturers

download bill text pdf

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Archive: Last Bill Status - In Assembly 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

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2013-A9997 (ACTIVE) - Details

See Senate Version of this Bill:
S7763
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd ยง606, Tax L
Versions Introduced in Other Legislative Sessions:
2015-2016: A2483
2017-2018: A4135

2013-A9997 (ACTIVE) - Summary

Relates to the empire zone wage tax credit for certain manufacturers.

2013-A9997 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  9997

                          I N  A S S E M B L Y

                              June 6, 2014
                               ___________

Introduced  by  COMMITTEE  ON RULES -- (at request of M. of A. Magee) --
  read once and referred to the Committee on Ways and Means

AN ACT to amend the tax law, in relation to certain manufacturers

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1. Subsection (k) of section 606 of the tax law is amended by
adding a new paragraph 3-a to read as follows:
  (3-A) IN THE CASE OF A MANUFACTURER: (I) THAT HAS ACQUIRED THE  ASSETS
OF  A PLASTICS MANUFACTURER PREVIOUSLY OPERATING IN NEW YORK STATE, (II)
IS CERTIFIED AS AN EMPIRE ZONE ENTERPRISE WITH AN EFFECTIVE DATE  ON  OR
AFTER  JANUARY FIRST, TWO THOUSAND NINE, AND (III) EMPLOYS AN AVERAGE OF
MORE THAN THIRTY FULL-TIME EMPLOYEES EACH YEAR IN WHICH IT QUALIFIES FOR
A CREDIT UNDER THIS SUBSECTION, THEN, SUCH MANUFACTURER SHALL BE  DEEMED
TO  HAVE  AN EMPLOYMENT NUMBER AS OF SUCH CERTIFIED ENTITY'S EMPIRE ZONE
DESIGNATION DATE OF ZERO; SHALL BE ELIGIBLE TO CLAIM  WAGE  TAX  CREDITS
PROVIDED  FOR  BY  THIS SUBSECTION FOR TAX YEAR TWO THOUSAND TEN AND THE
FOUR TAX YEARS THEN FOLLOWING; AND SHALL BE DEEMED TO BE A NEW  BUSINESS
FOR  PURPOSES  OF  THIS SUBSECTION FOR TAX YEAR TWO THOUSAND TEN AND THE
FOUR TAX YEARS THEN FOLLOWING.
  S 2. This act shall take effect immediately and  shall  apply  to  all
taxable years beginning on or after January 1, 2010.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15505-01-4

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