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NY A03689
Bill
Status
Introduced
1/28/2013
Primary Sponsor
Steve Katz
Click for details
AI Summary
- Exempts capital gains and investment income from New York state income tax for resident investors in qualifying technology or science start-up companies
- Applies only to start-up companies that have been in operation for no more than three years and are based in and conduct business in New York State
- Eligible technology and science companies include those working in biology, chemistry, computer science, geology, information science and technology, mathematics, physics, biochemistry, biophysics, environmental science, neuroscience, and nanoscience
- Requires the investor filing the income tax return to be a New York State resident
- Takes effect immediately upon enactment and applies to tax returns filed after the effective date
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
6/17/2014
Committee Referrals
Ways and Means1/28/2013
Full Bill Text
No bill text available