Loading chat...

NY S07462

Bill

Official Source

Status

Passed

8/17/2012

Primary Sponsor

Martin Golden

Click for details

Origin

Senate

2011-2012 General Assembly

AI Summary

  • Amends tax law to extend the biotechnology tax credit authorization for cities with populations of one million or more
  • Changes the expiration date of the credit from January 1, 2013 to January 1, 2016
  • Credit applies against general corporation tax, unincorporated business tax, and banking corporation tax
  • Maintains the maximum credit period of three consecutive calendar years for eligible businesses
  • Takes effect immediately upon enactment

Legislative Description

Relates to extending the tax credit for biotechnology against the general corporation tax, unincorporated business tax, and banking corporation tax in certain cities.

Last Action

SIGNED CHAP.429

8/17/2012

Committee Referrals

Ways and Means6/11/2012
Investigations and Government Operations5/22/2012

Full Bill Text

No bill text available