NY A03376 | 2019-2020 | General Assembly
Status
Spectrum: Partisan Bill (Republican 6-0)
Status: Introduced on January 29 2019 - 25% progression, died in committee
Action: 2020-01-08 - referred to economic development
Pending: Assembly Economic Development, Job Creation, Commerce and Industry Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on January 29 2019 - 25% progression, died in committee
Action: 2020-01-08 - referred to economic development
Pending: Assembly Economic Development, Job Creation, Commerce and Industry Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Creates a tax credit for manufacturing companies that have one established place of business in the state and relocate a minimum of fifty employees from outside the state to the state; provides that manufacturing companies shall be allowed a credit in the amount of 2.5 percent of the average salaries of newly created manufacturing jobs multiplied by number of new jobs brought to the state.
Title
Creates a tax credit for manufacturing companies that have one established place of business in the state and relocate a minimum of fifty employees from outside the state to the state; provides that manufacturing companies shall be allowed a credit in the amount of 2.5 percent of the average salaries of newly created manufacturing jobs multiplied by number of new jobs brought to the state.
Sponsors
Asm. Michael Norris [R] | Asm. Clifford Crouch [R] | Asm. Angelo Morinello [R] | Asm. Joseph DeStefano [R] |
Asm. Joseph Giglio [R] | Asm. Peter Lawrence [R] |
History
Date | Chamber | Action |
---|---|---|
2020-01-08 | Assembly | referred to economic development |
2019-01-29 | Assembly | referred to economic development |