Assembly Bill A6809

Signed By Governor
2015-2016 Legislative Session

Relates to extending the authorization of NYC to provide a biotechnology credit against the general corporation tax, unincorporated business tax, and banking corporation tax of such city

download bill text pdf

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Archive: Last Bill Status - Signed by Governor

  • 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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2015-A6809 (ACTIVE) - Details

See Senate Version of this Bill:
S4681
Law Section:
Tax Law
Laws Affected:
Amd ยง1201-a, Tax L

2015-A6809 (ACTIVE) - Summary

Relates to extending the authorization of any city having a population of one million or more to provide a biotechnology credit against the general corporation tax, unincorporated business tax, and banking corporation tax of such city.

2015-A6809 (ACTIVE) - Bill Text download pdf 

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

    S. 4681                                                  A. 6809

                       2015-2016 Regular Sessions

                      S E N A T E - A S S E M B L Y

                              April 6, 2015
                               ___________

IN  SENATE -- Introduced by Sen. GOLDEN -- read twice and ordered print-
  ed, and when printed to be committed  to  the  Committee  on  Investi-
  gations and Government Operations

IN  ASSEMBLY  -- Introduced by M. of A. WEPRIN -- read once and referred
  to the Committee on Ways and Means

AN ACT to amend the tax law, in relation to extending the  authorization
  of  any  city  having a population of one million or more to provide a
  biotechnology credit against the general corporation  tax,  unincorpo-
  rated business tax, and banking corporation tax of such city

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

  Section 1. Paragraph 5 of subdivision (d) of section 1201-a of the tax
law, as amended by chapter 429 of the laws of 2012, is amended  to  read
as follows:
  5.  Any local law adopted pursuant to this subdivision may provide for
a credit as authorized by  this  subdivision  for  a  maximum  of  three
consecutive  calendar years, provided, however, that any such credit may
not apply to taxable years beginning before January first, two  thousand
ten or beginning on or after January first, two thousand [sixteen] NINE-
TEEN.
  S 2. This act shall take effect immediately.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10243-01-5

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