NY A00902 | 2009-2010 | General Assembly

Status

Spectrum: Partisan Bill (Democrat 31-0)
Status: Introduced on January 7 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

Small businesses are critical to the economic health and growth of our state. Small businesses are a powerful engine of new job growth, and a source of innovation that will keep our state competitive around the world. Energy costs have risen faster than many small businesses could have predicted or planned for, and as a result, many find themselves under financial pressure. The bill applies to companies with less than 20 employees. It is estimated that 386,000 businesses employing 1.4 million New Yorkers will be impacted by this legislation. This bill will help to offset these increased costs by offering a tax credit, and help to ensure that our small businesses will remain healthy and productive. These tax credits will also help to hold overhead down and make our small businesses better able to compete both nationally and internationally.

Tracking Information

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Title

An act to amend the tax law, in relation to a small business electric energy tax credit

Sponsors


History

DateChamberAction
2010-01-06 referred to ways and means
2009-01-07 referred to ways and means

New York State Sources


Bill Comments

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