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NY A06277
Bill
Status
3/11/2011
Primary Sponsor
Steve Katz
Click for details
AI Summary
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Creates a tax exemption for capital gains and investment income from New York residents who invest in technology or science start-up companies, provided the company is a New York resident operating in New York State and has been in operation for no more than three years.
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Defines "technology or science company" to include companies working in biology, chemistry, computer science, geology, information science and technology, mathematics, physics, biochemistry, biophysics, environmental science, neuroscience, and nanoscience.
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Applies only to tax returns filed after the bill's effective date, which is immediate upon enactment.
Legislative Description
Provides a capital gains and investment income tax exemption for resident New Yorkers investing in a New York resident technology or science start-up company.
Last Action
held for consideration in ways and means
6/19/2012