Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2024 |
referred to ways and means |
Oct 13, 2023 |
print number 2958c |
Oct 13, 2023 |
amend and recommit to ways and means |
Sep 06, 2023 |
print number 2958b |
Sep 06, 2023 |
amend and recommit to ways and means |
Mar 07, 2023 |
print number 2958a |
Mar 07, 2023 |
amend (t) and recommit to ways and means |
Feb 01, 2023 |
referred to ways and means |
Assembly Bill A2958C
2023-2024 Legislative Session
Sponsored By
WOERNER
Current 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
Actions
Bill Amendments
co-Sponsors
Nader Sayegh
Chris Burdick
2023-A2958 - Details
- Current Committee:
- Assembly Ways And Means
- Law Section:
- Tax Law
- Laws Affected:
- Amd §§606 & 210-B, add §24-d, Tax L
- Versions Introduced in 2021-2022 Legislative Session:
-
A8585
2023-A2958 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2958 2023-2024 Regular Sessions I N A S S E M B L Y February 1, 2023 ___________ Introduced by M. of A. WOERNER, SAYEGH -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to providing a tax credit for the cost of subscriptions that support local newspapers and other local media and a payroll tax credit for compensation of journalists; and to provide for the repeal of such provisions upon expiration ther- eof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. This act shall be known and may be cited as the "local journalism sustainability act". § 2. Section 606 of the tax law is amended by adding a new subsection (bbb) to read as follows: (BBB) CREDIT FOR QUALIFYING PUBLICATION SUBSCRIPTIONS. (1) ALLOWANCE OF CREDIT. FOR TAXABLE YEARS BEGINNING ON OR AFTER JANUARY FIRST, TWO THOUSAND TWENTY-FOUR, A CREDIT FOR QUALIFYING PUBLICATION SUBSCRIPTIONS SHALL BE ALLOWED TO A RESIDENT INDIVIDUAL OF THE STATE AGAINST THE TAX IMPOSED BY THIS ARTICLE IN AN AMOUNT EQUAL TO THE APPLICABLE PERCENTAGE OF AMOUNTS PAID OR INCURRED FOR SUBSCRIPTIONS TO ONE OR MORE QUALIFYING PUBLICATIONS FOR THE PERSONAL USE OF THE TAXPAYER. (2) APPLICATION OF CREDIT. THE CREDIT ALLOWED UNDER PARAGRAPH ONE OF THIS SUBSECTION TO ANY TAXPAYER FOR ANY TAXABLE YEAR SHALL NOT EXCEED TWO HUNDRED FIFTY DOLLARS PER TAX YEAR AND SHALL BE SUBJECT TO THE APPLICABLE PERCENTAGES DESCRIBED IN THIS SUBSECTION. (3) DEFINITIONS. AS USED IN THIS SUBSECTION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: (A) "APPLICABLE PERCENTAGE" MEANS: (I) IN THE FIRST TAXABLE YEAR TO WHICH THIS SECTION APPLIES, EIGHTY PERCENT OF THE TOTAL COST OF THE SUBSCRIPTION OR SUBSCRIPTIONS, AND (II) IN ANY SUBSEQUENT TAXABLE YEAR, FIFTY PERCENT OF THE TOTAL COST OF THE SUBSCRIPTION OR SUBSCRIPTIONS. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02644-01-3 A. 2958 2
co-Sponsors
Nader Sayegh
Chris Burdick
Dana Levenberg
Catalina Cruz
multi-Sponsors
Phil Steck
2023-A2958A - Details
- Current Committee:
- Assembly Ways And Means
- Law Section:
- Tax Law
- Laws Affected:
- Amd §§606 & 210-B, add §24-d, Tax L
- Versions Introduced in 2021-2022 Legislative Session:
-
A8585
2023-A2958A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2958--A 2023-2024 Regular Sessions I N A S S E M B L Y February 1, 2023 ___________ Introduced by M. of A. WOERNER, SAYEGH, BURDICK -- read once and referred to the Committee on Ways and Means -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to providing a payroll tax credit for compensation of journalists; and to provide for the repeal of such provisions upon expiration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. This act shall be known and may be cited as the "local journalism sustainability act". § 2. The tax law is amended by adding a new section 24-d to read as follows: § 24-D. PAYROLL CREDIT FOR COMPENSATION OF JOURNALISTS. (A) IN GENER- AL. AN ELIGIBLE NEWS JOURNALIST EMPLOYER WHICH IS SUBJECT TO TAX UNDER ARTICLE NINE-A OR TWENTY-TWO OF THIS CHAPTER SHALL BE ALLOWED A CREDIT AGAINST SUCH TAX, TO BE COMPUTED AS PROVIDED IN THIS SECTION, FOR EACH CALENDAR QUARTER AN AMOUNT EQUAL TO THE APPLICABLE PERCENTAGE OF WAGES PAID BY SUCH EMPLOYER TO NEWS JOURNALISTS FOR SUCH CALENDAR QUARTER. (B) LIMITATIONS. (1) THE AMOUNT OF WAGES PAID WITH RESPECT TO ANY INDIVIDUAL WHICH MAY BE TAKEN INTO ACCOUNT UNDER SUBDIVISION (A) OF THIS SECTION DURING ANY CALENDAR QUARTER BY THE ELIGIBLE NEWS JOURNALIST EMPLOYER SHALL NOT EXCEED TWELVE THOUSAND FIVE HUNDRED DOLLARS. CREDIT IS ALLOWED FOR INDIVIDUALS PAID IN EXCESS OF THIS AMOUNT BUT SHALL BE LIMITED TO A PORTION OF THE WAGES PAID UP TO TWELVE THOUSAND FIVE HUNDRED DOLLARS PER QUARTER. (2) THE PROVISIONS OF THIS SECTION SHALL ONLY APPLY TO THE FIRST TWEN- TY CALENDAR QUARTERS BEGINNING AFTER THE EFFECTIVE DATE OF THIS SECTION. (3) THE CREDIT ALLOWED BY SUBDIVISION (A) OF THIS SECTION WITH RESPECT TO ANY CALENDAR QUARTER SHALL NOT EXCEED THE APPLICABLE EMPLOYMENT TAXES (REDUCED BY ANY CREDITS ALLOWED UNDER SUBSECTIONS (E) AND (F) OF SECTION EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02644-05-3
co-Sponsors
Nader Sayegh
Chris Burdick
Dana Levenberg
Catalina Cruz
multi-Sponsors
Phil Steck
2023-A2958B - Details
- Current Committee:
- Assembly Ways And Means
- Law Section:
- Tax Law
- Laws Affected:
- Amd §§606 & 210-B, add §24-d, Tax L
- Versions Introduced in 2021-2022 Legislative Session:
-
A8585
2023-A2958B - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2958--B 2023-2024 Regular Sessions I N A S S E M B L Y February 1, 2023 ___________ Introduced by M. of A. WOERNER, SAYEGH, BURDICK, LEVENBERG, CRUZ, BORES, SEAWRIGHT, FAHY, STIRPE, SHIMSKY, McMAHON, REYES, THIELE, SILLITTI, SEPTIMO, NOVAKHOV, BRABENEC, HAWLEY, MAHER, McDONOUGH, SIMON, JONES, RAGA, GUNTHER, EPSTEIN, SLATER, J. A. GIGLIO, BYRNES, ANGELINO, BURGOS, KELLES, SIMONE -- Multi-Sponsored by -- M. of A. STECK -- read once and referred to the Committee on Ways and Means -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- again reported from said committee with amend- ments, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to providing a payroll tax credit for compensation of journalists; and to provide for the repeal of such provisions upon expiration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. This act shall be known and may be cited as the "local journalism sustainability act". § 2. The tax law is amended by adding a new section 24-d to read as follows: § 24-D. PAYROLL CREDIT FOR COMPENSATION OF JOURNALISTS. (A) IN GENER- AL. AN ELIGIBLE NEWS JOURNALIST EMPLOYER WHICH IS SUBJECT TO TAX UNDER ARTICLE NINE-A OR TWENTY-TWO OF THIS CHAPTER SHALL BE ALLOWED A CREDIT AGAINST SUCH TAX, TO BE COMPUTED AS PROVIDED IN THIS SECTION, FOR EACH CALENDAR QUARTER AN AMOUNT EQUAL TO THE APPLICABLE PERCENTAGE OF WAGES PAID BY SUCH EMPLOYER TO NEWS JOURNALISTS FOR SUCH CALENDAR QUARTER. (B) LIMITATIONS. (1) THE AMOUNT OF WAGES PAID WITH RESPECT TO ANY INDIVIDUAL WHICH MAY BE TAKEN INTO ACCOUNT UNDER SUBDIVISION (A) OF THIS SECTION DURING ANY CALENDAR QUARTER BY THE ELIGIBLE NEWS JOURNALIST EMPLOYER SHALL NOT EXCEED TWELVE THOUSAND FIVE HUNDRED DOLLARS. CREDIT IS ALLOWED FOR INDIVIDUALS PAID IN EXCESS OF THIS AMOUNT BUT SHALL BE LIMITED TO A PORTION OF THE WAGES PAID UP TO TWELVE THOUSAND FIVE HUNDRED DOLLARS PER QUARTER. (2) THE PROVISIONS OF THIS SECTION SHALL ONLY APPLY TO THE FIRST TWEN- TY CALENDAR QUARTERS BEGINNING AFTER THE EFFECTIVE DATE OF THIS SECTION. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
co-Sponsors
Nader Sayegh
Chris Burdick
Dana Levenberg
Catalina Cruz
multi-Sponsors
Phil Steck
2023-A2958C (ACTIVE) - Details
- Current Committee:
- Assembly Ways And Means
- Law Section:
- Tax Law
- Laws Affected:
- Amd §§606 & 210-B, add §24-d, Tax L
- Versions Introduced in 2021-2022 Legislative Session:
-
A8585
2023-A2958C (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 2958--C 2023-2024 Regular Sessions I N A S S E M B L Y February 1, 2023 ___________ Introduced by M. of A. WOERNER, SAYEGH, BURDICK, LEVENBERG, CRUZ, BORES, SEAWRIGHT, FAHY, STIRPE, SHIMSKY, McMAHON, REYES, THIELE, SILLITTI, SEPTIMO, NOVAKHOV, BRABENEC, HAWLEY, MAHER, McDONOUGH, SIMON, JONES, RAGA, GUNTHER, EPSTEIN, SLATER, J. A. GIGLIO, BYRNES, ANGELINO, BURGOS, KELLES, SIMONE -- Multi-Sponsored by -- M. of A. STECK -- read once and referred to the Committee on Ways and Means -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- again reported from said committee with amend- ments, ordered reprinted as amended and recommitted to said committee -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to providing a payroll tax credit for compensation of journalists; and to provide for the repeal of such provisions upon expiration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. This act shall be known and may be cited as the "local journalism sustainability act". § 2. The tax law is amended by adding a new section 24-d to read as follows: § 24-D. PAYROLL CREDIT FOR COMPENSATION OF JOURNALISTS. (A) IN GENER- AL. AN ELIGIBLE NEWS JOURNALIST EMPLOYER WHICH IS SUBJECT TO TAX UNDER ARTICLE NINE-A OR TWENTY-TWO OF THIS CHAPTER SHALL BE ALLOWED A CREDIT AGAINST SUCH TAX, TO BE COMPUTED AS PROVIDED IN THIS SECTION, FOR EACH CALENDAR QUARTER AN AMOUNT EQUAL TO THE APPLICABLE PERCENTAGE OF WAGES PAID BY SUCH EMPLOYER TO NEWS JOURNALISTS FOR SUCH CALENDAR QUARTER. (B) LIMITATIONS. (1) THE AMOUNT OF WAGES PAID WITH RESPECT TO ANY INDIVIDUAL WHICH MAY BE TAKEN INTO ACCOUNT UNDER SUBDIVISION (A) OF THIS SECTION DURING ANY CALENDAR QUARTER BY THE ELIGIBLE NEWS JOURNALIST EMPLOYER SHALL NOT EXCEED TWELVE THOUSAND FIVE HUNDRED DOLLARS. CREDIT IS ALLOWED FOR INDIVIDUALS PAID IN EXCESS OF THIS AMOUNT BUT SHALL BE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02644-09-3
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