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NY A08682
Bill
Status
10/27/2011
Primary Sponsor
Micah Kellner
Click for details
AI Summary
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Allows individual taxpayers a tax credit equal to up to 20 percent of out-of-pocket expenses for developing programs released under open source or free software licenses, with a maximum credit of $200 per year
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Requires programs to qualify by having code released under an Open Source Initiative-recognized license or a Free Software Foundation-recognized license
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Permits taxpayers to elect to claim the credit on an annual basis, with restrictions preventing the same election for multiple years covering the same program or any portion thereof
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Allows unused credits exceeding the taxpayer's annual tax liability to be carried forward to subsequent years
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Takes effect immediately upon enactment and applies to taxable years beginning on or after January 1 following the law's effective date
Legislative Description
Provides a maximum $200 tax credit for taxpayer expenses associated with the development of open source and free software license programs.
Last Action
held for consideration in ways and means
6/19/2012