Bill Text: NY S02905 | 2017-2018 | General Assembly | Amended

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Bill Title: Provides an increased tax credit for the total number of eligible farm employees.

Spectrum: Strong Partisan Bill (Republican 10-1)

Status: (Engrossed - Dead) 2018-06-06 - referred to ways and means [S02905 Detail]

Download: New_York-2017-S02905-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         2905--A
                               2017-2018 Regular Sessions
                    IN SENATE
                                    January 18, 2017
                                       ___________
        Introduced  by  Sens.  RITCHIE,  DeFRANCISCO, GALLIVAN, HELMING, LARKIN,
          MARCHIONE, MURPHY, O'MARA, SERINO, TEDISCO, VALESKY -- read twice  and
          ordered  printed, and when printed to be committed to the Committee on
          Investigations and Government Operations -- recommitted to the Commit-
          tee on Investigations and Government  Operations  in  accordance  with
          Senate  Rule  6, sec. 8 -- committee discharged, bill amended, ordered
          reprinted as amended and recommitted to said committee
        AN ACT to amend the tax law, in relation to the farm workforce retention
          credit
          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  six  hundred  dollars.  For  taxable years beginning on or after January
    13  first, two thousand nineteen and  before  January  first,  two  thousand
    14  twenty,  the  amount  of  the credit allowed under this section shall be
    15  equal to the product of the total number of eligible farm employees  and
    16  [five]  eight  hundred  dollars. For taxable years beginning on or after
    17  January first, two thousand twenty and before January first,  two  thou-
    18  sand  twenty-one,  the  amount  of the credit allowed under this section
    19  shall be equal to the product of  the  total  number  of  eligible  farm
    20  employees  and  [four  hundred]  one thousand dollars. For taxable years
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08276-02-8
        S. 2905--A                          2
     1  beginning on or after January first, two thousand twenty-one and  before
     2  January first, two thousand twenty-two, the amount of the credit allowed
     3  under  this section shall be equal to the product of the total number of
     4  eligible  farm  employees  and  [six  hundred]  one thousand two hundred
     5  dollars.
     6    § 2. This act shall take effect immediately.