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NY A01736
Bill
Status
Introduced
1/9/2013
Primary Sponsor
Brian Kolb
Click for details
AI Summary
- Allows taxpayers a tax credit equal to 100 percent of patent fees, capped at a maximum of $1,500 per taxable year
- Defines "patent fee" to include patent application fees, patent search fees, and patent examination fees
- Permits excess credits that exceed a taxpayer's tax liability to be treated as overpayments and refunded without interest
- Prohibits taxpayers from claiming this credit if they claim any other tax credit for the same patent
- Takes effect immediately and applies to taxable years beginning on or after January 1, 2014
Legislative Description
Establishes a tax credit for patent fees not to exceed $1,500.
Last Action
held for consideration in ways and means
6/17/2014
Committee Referrals
Ways and Means1/9/2013
Full Bill Text
No bill text available