Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 07, 2024 |
held for consideration in ways and means |
Jan 03, 2024 |
referred to ways and means |
Dec 29, 2023 |
referred to ways and means |
Assembly Bill A8459
2023-2024 Legislative Session
Sponsored By
BYRNES
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
2023-A8459 (ACTIVE) - Details
- Current Committee:
- Assembly Ways And Means
- Law Section:
- Tax Law
- Laws Affected:
- Amd §42-a, Tax L
2023-A8459 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8459 2023-2024 Regular Sessions I N A S S E M B L Y December 29, 2023 ___________ Introduced by M. of A. BYRNES -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to advance payments of a portion of the farm employer overtime tax credit THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraphs 1 and 2 of subdivision (h) of section 42-a of the tax law, as added by section 2 of subpart C of part B of chapter 59 of the laws of 2022, are amended to read as follows: (1) (I) Taxpayers shall have the option to request an advance payment of the portion of the amount of tax credit they are allowed under this section for the amount of eligible overtime that the farm employer paid from January first through [July] MARCH thirty-first. To be eligible for the advance payment, the farm employer must submit by [September thirti- eth] MAY THIRTY-FIRST a properly completed application to the department of agriculture and markets, in a form prescribed by the commissioner of agriculture and markets, that demonstrates how much the farm employer paid in eligible overtime during that period. (II) TAXPAYERS SHALL HAVE THE OPTION TO REQUEST AN ADVANCE PAYMENT OF THE PORTION OF THE AMOUNT OF TAX CREDIT THEY ARE ALLOWED UNDER THIS SECTION FOR THE AMOUNT OF ELIGIBLE OVERTIME THAT THE FARM EMPLOYER PAID FROM APRIL FIRST THROUGH JUNE THIRTIETH. TO BE ELIGIBLE FOR THE ADVANCE PAYMENT, THE FARM EMPLOYER MUST SUBMIT BY AUGUST THIRTY-FIRST A PROPERLY COMPLETED APPLICATION TO THE DEPARTMENT OF AGRICULTURE AND MARKETS, IN A FORM PRESCRIBED BY THE COMMISSIONER OF AGRICULTURE AND MARKETS, THAT DEMONSTRATES HOW MUCH THE FARM EMPLOYER PAID IN ELIGIBLE OVERTIME DURING THAT PERIOD. (III) TAXPAYERS SHALL HAVE THE OPTION TO REQUEST AN ADVANCE PAYMENT OF THE PORTION OF THE AMOUNT OF TAX CREDIT THEY ARE ALLOWED UNDER THIS SECTION FOR THE AMOUNT OF ELIGIBLE OVERTIME THAT THE FARM EMPLOYER PAID FROM JULY FIRST THROUGH SEPTEMBER THIRTIETH. TO BE ELIGIBLE FOR THE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD13562-02-3
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