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NY S01229
Bill
Status
Engrossed
6/22/2010
Primary Sponsor
Craig Johnson
Click for details
AI Summary
- Amends Tax Law Section 210(j)(12)(3) to extend the eligibility period for start-up and small high technology companies from five to eight taxable years
- Applies the extended eight-year threshold specifically to start-up high technology companies and small high technology companies as defined under Public Authorities Law Section 3102-E
- Takes effect on January 1 following the date the bill becomes law and applies to taxable years beginning on or after that date
- Allows these designated high technology companies to utilize investment tax credit carry forwards during the extended eligibility window
Legislative Description
Relates to tax credits for start-up high technology companies to allow such companies in existence for 8 or less taxable years to receive refunds of unused investment tax credit carry forwards.
Last Action
referred to ways and means
6/23/2010
Committee Referrals
Ways and Means6/23/2010
Rules6/22/2010
Investigations and Government Operations1/28/2009
Full Bill Text
No bill text available