Loading chat...
NY A05218
Bill
Status
Introduced
2/13/2015
Primary Sponsor
Brian Kolb
Click for details
AI Summary
- Allows taxpayers a credit against tax equal to 100 percent of patent fees, capped at $1,500 per taxable year
- Defines "patent fee" to include patent application fees, patent search fees, and patent examination fees
- Excess credits beyond the taxpayer's tax liability are treated as overpayments and refunded without interest
- Prohibits claiming the patent-NY credit for any patent fee if the taxpayer claims any other tax credit for that same patent
- Effective immediately and applies to taxable years beginning on or after January 1, 2015
Legislative Description
Establishes a tax credit for patent fees not to exceed $1,500.
Last Action
held for consideration in ways and means
6/15/2016
Committee Referrals
Ways and Means2/13/2015
Full Bill Text
No bill text available