Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 26, 2018 |
print number 4391a |
Jan 26, 2018 |
amend and recommit to investigations and government operations |
Jan 03, 2018 |
referred to investigations and government operations |
Feb 13, 2017 |
referred to investigations and government operations |
Senate Bill S4391A
2017-2018 Legislative Session
Sponsored By
(R, C) 53rd 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
(R, C, IP) 62nd Senate District
(R, C, IP, RFM) Senate District
2017-S4391 - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §612, Tax L; amd §425, RPT L; add Art 24 §§500 - 502, Ec Dev L
- Versions Introduced in Other Legislative Sessions:
-
2015-2016:
S1438
2019-2020: S4755
2021-2022: S4734
2017-S4391 - Summary
Enacts the "Made in New York act"; increases the deduction from the federal gross adjusted income of certain small businesses; grants eligibility for the basic STAR exemption to certain small businesses; and establishes the 3-D program which grants tax benefits to manufacturers which design, develop and manufacture a new product in the state.
2017-S4391 - Sponsor Memo
BILL NUMBER: S4391 TITLE OF BILL : An act to enact the "Made in New York act"; and to amend the tax law, in relation to increasing the reduction of federal adjusted gross income granted to certain small businesses (Part A); to amend the real property tax law, in relation to extending eligibility for the school tax relief exemption to certain small businesses (Part B); and to amend the economic development law, in relation to establishing the 3-D program (Part C) PURPOSE : To enact the "Made in New York Act" to reduce certain taxes on businesses and establishing the 3-D program. SUMMARY OF PROVISIONS : Section 1. Sets forth the short title of the "Made in New York act." Section 2. This act enacts into law major components of legislation enabling existing businesses to compete, succeed and create jobs. Each component in contained in parts A-C as follows: Part A. - Increases the five percent small business and farm income deduction to ten percent. Section 1. Paragraph 39 of subsection (c) of section 612 of the tax law, as added by section 1 of part Y of chapter
2017-S4391 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4391 2017-2018 Regular Sessions I N S E N A T E February 13, 2017 ___________ Introduced by Sens. GRIFFO, ORTT, SEWARD -- read twice and ordered printed, and when printed to be committed to the Committee on Investi- gations and Government Operations AN ACT to enact the "Made in New York act"; and to amend the tax law, in relation to increasing the reduction of federal adjusted gross income granted to certain small businesses (Part A); to amend the real prop- erty tax law, in relation to extending eligibility for the school tax relief exemption to certain small businesses (Part B); and to amend the economic development law, in relation to establishing the 3-D program (Part C) THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Short title. This act shall be known as the "Made in New York act". § 2. This act enacts into law major components of legislation enabling existing businesses in the state to compete, succeed and create new jobs. Each component is wholly contained within a Part identified as Parts A through C. The effective date for each particular provision contained within such Part is set forth in the last section of such Part. Any provision in any section contained within a Part, including the effective date of the Part, which makes reference to a section "of this act", when used in connection with that particular component, shall be deemed to mean and refer to the corresponding section of the Part in which it is found. Section four of this act sets forth the general effective date of this act. PART A Section 1. Paragraph 39 of subsection (c) of section 612 of the tax law, as added by section 1 of part Y of chapter 59 of the laws of 2013, is amended to read as follows: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
(R, C, IP) 62nd Senate District
(R, C, IP, RFM) Senate District
2017-S4391A (ACTIVE) - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §612, Tax L; amd §425, RPT L; add Art 24 §§500 - 502, Ec Dev L
- Versions Introduced in Other Legislative Sessions:
-
2015-2016:
S1438
2019-2020: S4755
2021-2022: S4734
2017-S4391A (ACTIVE) - Summary
Enacts the "Made in New York act"; increases the deduction from the federal gross adjusted income of certain small businesses; grants eligibility for the basic STAR exemption to certain small businesses; and establishes the 3-D program which grants tax benefits to manufacturers which design, develop and manufacture a new product in the state.
2017-S4391A (ACTIVE) - Sponsor Memo
BILL NUMBER: S4391A SPONSOR: GRIFFO TITLE OF BILL: An act to enact the "Made in New York act"; and to amend the tax law, in relation to increasing the reduction of federal adjusted gross income granted to certain small businesses (Part A); to amend the real property tax law, in relation to extending eligibility for the school tax relief exemption to certain small businesses (Part B); and to amend the economic development law, in relation to establish- ing the 3-D program (Part C) PURPOSE: To enact the "Made in New York Act" to reduce certain taxes on busi- nesses and establishing the 3-D program. SUMMARY OF PROVISIONS: Section 1. Sets forth the short title of the "Made in New York act." Section 2. This act enacts into law major components of legislation
2017-S4391A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4391--A 2017-2018 Regular Sessions I N S E N A T E February 13, 2017 ___________ Introduced by Sens. GRIFFO, ORTT, SEWARD -- read twice and ordered printed, and when printed to be committed to the Committee on Investi- gations and Government Operations -- recommitted to the Committee on Investigations and Government Operations in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to enact the "Made in New York act"; and to amend the tax law, in relation to increasing the reduction of federal adjusted gross income granted to certain small businesses (Part A); to amend the real prop- erty tax law, in relation to extending eligibility for the school tax relief exemption to certain small businesses (Part B); and to amend the economic development law, in relation to establishing the 3-D program (Part C) THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Short title. This act shall be known as the "Made in New York act". § 2. This act enacts into law major components of legislation enabling existing businesses in the state to compete, succeed and create new jobs. Each component is wholly contained within a Part identified as Parts A through C. The effective date for each particular provision contained within such Part is set forth in the last section of such Part. Any provision in any section contained within a Part, including the effective date of the Part, which makes reference to a section "of this act", when used in connection with that particular component, shall be deemed to mean and refer to the corresponding section of the Part in which it is found. Section four of this act sets forth the general effective date of this act. PART A EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05167-03-8
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