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]
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.
Title
An act to amend the tax law, in relation to a small business electric energy tax credit
Sponsors
History
Date | Chamber | Action |
---|---|---|
2010-01-06 | referred to ways and means | |
2009-01-07 | referred to ways and means |