Bill Text: NY A08760 | 2019-2020 | General Assembly | Introduced

New York Assembly Bill 8760 (Prior Session Legislation)

Introduced

Bill Title: Increases the amount of the farm workforce retention credit from $600 to $1,200 per farm employee.

Spectrum: Bipartisan Bill

Status: (Introduced - Dead) 2020-01-08 - referred to ways and means [A08760 Detail]

Download: New_York-2019-A08760-Introduced.html


                STATE OF NEW YORK
        ________________________________________________________________________

                                          8760

                               2019-2020 Regular Sessions

                   IN ASSEMBLY

                                    November 25, 2019
                                       ___________

        Introduced  by  M.  of A. LUPARDO, WOERNER, LIFTON, BLANKENBUSH, CROUCH,
          HAWLEY, FINCH -- read once and referred to the Committee on  Ways  and
          Means

        AN ACT to amend the tax law, in relation to the farm workforce retention
          credit;  and  to amend chapter 60 of the laws of 2016 amending the tax
          law relating  to  creating  a  farm  workforce  retention  credit,  in
          relation to the effectiveness of such provisions

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1.  Subdivision (e) of section 42 of the tax law, as added  by
     2  section  1  of  part RR of chapter 60 of the laws of 2016, is amended to
     3  read as follows:
     4    (e) For taxable years beginning on or after January first,  two  thou-
     5  sand  seventeen  and  before  January  first, two thousand eighteen, the
     6  amount of the credit allowed under this section shall be  equal  to  the
     7  product  of  the total number of eligible farm employees and two hundred
     8  fifty dollars. For taxable years beginning on or  after  January  first,
     9  two  thousand  eighteen and before January first, two thousand nineteen,
    10  the amount of the credit allowed under this section shall  be  equal  to
    11  the  product  of  the  total number of eligible farm employees and three
    12  hundred dollars. For taxable years beginning on or after January  first,
    13  two thousand nineteen and before January first, two thousand twenty, the
    14  amount  of  the  credit allowed under this section shall be equal to the
    15  product of the total number of eligible farm employees and five  hundred
    16  dollars.  For  taxable  years  beginning  on or after January first, two
    17  thousand twenty and before January first, two thousand  twenty-one,  the
    18  amount  of  the  credit allowed under this section shall be equal to the
    19  product of the total number of eligible farm employees and four  hundred
    20  dollars.  For  taxable  years  beginning  on or after January first, two
    21  thousand twenty-one and before January first, two  thousand  twenty-two,
    22  the  amount  of  the credit allowed under this section shall be equal to

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13905-02-9

        A. 8760                             2

     1  the product of the total number of eligible  farm  employees  and  [six]
     2  eight  hundred dollars.  For taxable years beginning on or after January
     3  first, two thousand twenty-two, the amount of the credit  allowed  under
     4  this section shall be equal to the product of the total number of eligi-
     5  ble farm employees and twelve hundred dollars.
     6    §  2.  Section 5 of part RR of chapter 60 of the laws of 2016 amending
     7  the tax law relating to creating a farm workforce  retention  credit  is
     8  amended to read as follows:
     9    §  5.  This  act shall take effect immediately and shall apply only to
    10  taxable years beginning on or after January 1, 2017 [and before  January
    11  1, 2022].
    12    § 3. This act shall take effect immediately.