Bill Text: NY S06519 | 2015-2016 | General Assembly | Introduced

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Bill Title: Relates to providing assistance to small businesses; establishes a small business tax reduction; repeals the NY film tax credits; directs the Empire State Development Corporation to cease and discontinue advertising for the Start-Up NY program.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Introduced - Dead) 2016-01-22 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [S06519 Detail]

Download: New_York-2015-S06519-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          6519
                    IN SENATE
                                    January 22, 2016
                                       ___________
        Introduced  by  Sen.  AKSHAR -- read twice and ordered printed, and when
          printed to be committed to the Committee on Investigations and Govern-
          ment Operations
        AN ACT to amend the tax law, in relation to  the  business  income  base
          rate and certain small business taxpayers (Part A); to repeal sections
          24,  28  and  31  of  the  tax law, subsections (gg), (jj) and (qq) of
          section 606 of the tax law, subdivisions 20,  23  and  32  of  section
          210-B of the tax law and subdivisions (b) and (c) of section 1201-a of
          the  tax law, relating to the empire state film production credit, the
          empire state commercial production credit, and the empire  state  film
          post production credit (Part B); and to direct the empire state devel-
          opment  corporation  to cease all advertisement and promotional activ-
          ities for the Start-Up NY Program (Part C)
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section 1. This act enacts into law major components of legislation to
     2  assist  small businesses within New York state. Each component is wholly
     3  contained within a Part identified as Parts A through C.  The  effective
     4  date  for  each  particular  provision contained within such Part is set
     5  forth in the last section of such Part. Any  provision  in  any  section
     6  contained within a Part, including the effective date of the Part, which
     7  makes  a  reference  to a section "of this act", when used in connection
     8  with that particular component, shall be deemed to mean and refer to the
     9  corresponding section of the Part in which it is found. Section four  of
    10  this act sets forth the general effective date of this act.
    11    §  2.  This act shall be known and may be cited as the "small business
    12  jobs revitalization act".
    13                                   PART A
    14    Section 1. Subparagraph (iv) of paragraph  (a)  of  subdivision  1  of
    15  section  210 of the tax law, as amended by section 12 of part A of chap-
    16  ter 59 of the laws of 2014, is amended to read as follows:
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13430-03-6