S T A T E O F N E W Y O R K
________________________________________________________________________
7158
I N S E N A T E
April 1, 2016
___________
Introduced by Sen. LAVALLE -- read twice and ordered printed, and when
printed to be committed to the Committee on Finance
AN ACT to amend the tax law, in relation to the farm workforce retention
credit
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 42 of the tax law, as added by section 1 of part RR
of a chapter of the laws of 2016, amending the tax law relating to
creating the farm workforce retention credit, as proposed in legislative
bill numbers S. 6409-C and A. 9009-C, is amended by adding a new subdi-
vision (e-1) to read as follows:
(E-1) FOR TAXABLE YEARS BEGINNING ON OR AFTER JANUARY FIRST, TWO THOU-
SAND SEVENTEEN AND BEFORE JANUARY FIRST, TWO THOUSAND EIGHTEEN, IF SUCH
FARM IS LOCATED IN NASSAU OR SUFFOLK COUNTY, THE AMOUNT OF THE CREDIT
ALLOWED UNDER THIS SECTION SHALL BE EQUAL TO THE PRODUCT OF THE TOTAL
NUMBER OF ELIGIBLE FARM EMPLOYEES AND FIVE HUNDRED DOLLARS. FOR TAXABLE
YEARS BEGINNING ON OR AFTER JANUARY FIRST, TWO THOUSAND EIGHTEEN AND
BEFORE JANUARY FIRST, TWO THOUSAND NINETEEN, IF SUCH FARM IS LOCATED IN
NASSAU OR SUFFOLK COUNTY, THE AMOUNT OF THE CREDIT ALLOWED UNDER THIS
SECTION SHALL BE EQUAL TO THE PRODUCT OF THE TOTAL NUMBER OF ELIGIBLE
FARM EMPLOYEES AND SIX HUNDRED DOLLARS. FOR TAXABLE YEARS BEGINNING ON
OR AFTER JANUARY FIRST, TWO THOUSAND NINETEEN AND BEFORE JANUARY FIRST,
TWO THOUSAND TWENTY, IF SUCH FARM IS LOCATED IN NASSAU OR SUFFOLK COUN-
TY, THE AMOUNT OF THE CREDIT ALLOWED UNDER THIS SECTION SHALL BE EQUAL
TO THE PRODUCT OF THE TOTAL NUMBER OF ELIGIBLE FARM EMPLOYEES AND EIGHT
HUNDRED DOLLARS. FOR TAXABLE YEARS BEGINNING ON OR AFTER JANUARY FIRST,
TWO THOUSAND TWENTY AND BEFORE JANUARY FIRST, TWO THOUSAND TWENTY-ONE,
IF SUCH FARM IS LOCATED IN NASSAU OR SUFFOLK COUNTY, THE AMOUNT OF THE
CREDIT ALLOWED UNDER THIS SECTION SHALL BE EQUAL TO THE PRODUCT OF THE
TOTAL NUMBER OF ELIGIBLE FARM EMPLOYEES AND ONE THOUSAND DOLLARS. FOR
TAXABLE YEARS BEGINNING ON OR AFTER JANUARY FIRST, TWO THOUSAND TWENTY-
ONE AND BEFORE JANUARY FIRST, TWO THOUSAND TWENTY-TWO, THE AMOUNT OF THE
CREDIT ALLOWED UNDER THIS SECTION SHALL BE EQUAL TO THE PRODUCT OF THE
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD14887-02-6
S. 7158 2
TOTAL NUMBER OF ELIGIBLE FARM EMPLOYEES AND ONE THOUSAND TWO HUNDRED
DOLLARS.
S 2. Subdivision (e) of section 42 of the tax law, as added by section
1 of part RR of a chapter of the laws of 2016, amending the tax law
relating to creating the farm workforce retention credit, as proposed in
legislative bill numbers S. 6409-C and A. 9009-C, is amended to read as
follows:
(e) For taxable years beginning on or after January first, two thou-
sand seventeen and before January first, two thousand eighteen, the
amount of the credit allowed under this section shall be equal to the
product of the total number of eligible farm employees and two hundred
fifty dollars. For taxable years beginning on or after January first,
two thousand eighteen and before January first, two thousand nineteen,
the amount of the credit allowed under this section shall be equal to
the product of the total number of eligible farm employees and three
hundred dollars. For taxable years beginning on or after January first,
two thousand nineteen and before January first, two thousand twenty, the
amount of the credit allowed under this section shall be equal to the
product of the total number of eligible farm employees and [five] FOUR
hundred dollars. For taxable years beginning on or after January first,
two thousand twenty and before January first, two thousand twenty-one,
the amount of the credit allowed under this section shall be equal to
the product of the total number of eligible farm employees and [four]
FIVE hundred dollars. For taxable years beginning on or after January
first, two thousand twenty-one and before January first, two thousand
twenty-two, the amount of the credit allowed under this section shall be
equal to the product of the total number of eligible farm employees and
six hundred dollars.
S 3. This act shall take effect on the same date and in the same
manner as section 1 of part RR of a chapter of the laws of 2016, amend-
ing tax law relating to creating the farm workforce retention credit, as
proposed in legislative bill numbers S. 6409-C and A. 9009-C, takes
effect.