NY A02818 | 2009-2010 | General Assembly
Status
Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on January 21 2009 - 25% progression, died in committee
Action: 2010-01-06 - referred to ways and means
Pending: Assembly Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 21 2009 - 25% progression, died in committee
Action: 2010-01-06 - referred to ways and means
Pending: Assembly Ways and Means Committee
Text: Latest bill text (Introduced) [HTML]
Summary
To authorize the trading of existing unused research and development credits and existing but unused net operating loss deductions to existing entities. This bill establishes a corporation business tax benefit certificate transfer program to allow new or expanding small high technology companies in New York to surrender its unused amounts of research and development tax credits and unused net operating loss carryover to other corporations in exchange for private financial assistance.
Title
An act to amend the tax law, in relation to providing for direct private assistance to emerging technology companies through the trading of their existing but unused research and development credits and their existing but unused net operating loss deductions to existing corporations and partnerships in return for private assistance
Sponsors
| Asm. Francine DelMonte [D] | Asm. Sam Hoyt [D] | Asm. William Magnarelli [D] | Asm. Robin Schimminger [D] |
| Asm. Darryl Towns [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2010-01-06 | referred to ways and means | |
| 2009-01-21 | referred to ways and means |
