NY A04417 | 2025-2026 | General Assembly
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 4 2025 - 25% progression
Action: 2025-02-04 - referred to economic development
Pending: Assembly Economic Development, Job Creation, Commerce and Industry Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on February 4 2025 - 25% progression
Action: 2025-02-04 - referred to economic development
Pending: Assembly Economic Development, Job Creation, Commerce and Industry Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Creates a tax credit for manufacturing companies that have one established place of business in the state and relocate a minimum of fifty employees from outside the state to the state; provides that manufacturing companies shall be allowed a credit in the amount of 2.5 percent of the average salaries of newly created manufacturing jobs multiplied by number of new jobs brought to the state.
Title
Creates a tax credit for manufacturing companies that have one established place of business in the state and relocate a minimum of fifty employees from outside the state to the state; provides that manufacturing companies shall be allowed a credit in the amount of 2.5 percent of the average salaries of newly created manufacturing jobs multiplied by number of new jobs brought to the state.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2025-02-04 | Assembly | referred to economic development |
