Bill Text: NY A01889 | 2009-2010 | General Assembly | Amended

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Increases penalties for failure to execute and file satisfied judgments with clerk; $100 to $1000.

Spectrum: Strong Partisan Bill (Democrat 13-1)

Status: (Introduced - Dead) 2011-01-12 - referred to judiciary [A01889 Detail]

Download: New_York-2009-A01889-Amended.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        1889--A
                              2009-2010 Regular Sessions
                                 I N  A S S E M B L Y
                                   January 14, 2009
                                      ___________
       Introduced  by M. of A. MORELLE, ALESSI -- read once and referred to the
         Committee on Ways and Means -- recommitted to the  Committee  on  Ways
         and  Means  in  accordance  with  Assembly Rule 3, sec. 2 -- committee
         discharged, bill amended, ordered reprinted as amended and recommitted
         to said committee
       AN ACT to amend the tax law, in relation to the  employment  credit  for
         qualified emerging technology companies
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Paragraph (d) of subdivision 12-E of section 210 of the tax
    2  law, as added by section 32 of part A of chapter 56 of the laws of 1998,
    3  is amended to read as follows:
    4    (d) The amount of the credit shall equal THE SUM OF:
    5    (1) the product of [one] TWO thousand  dollars  times  the  number  of
    6  individuals  employed full-time by the taxpayer in the taxable year that
    7  are in excess of one hundred percent of the taxpayer's base year employ-
    8  ment AND
    9    (2) THE PRODUCT OF THREE THOUSAND DOLLARS TIMES THE NUMBER OF INDIVID-
   10  UALS EMPLOYED FULL-TIME BY THE TAXPAYER IN THE TAXABLE YEAR THAT ARE  IN
   11  EXCESS  OF  ONE  HUNDRED PERCENT OF THE TAXPAYER'S BASE YEAR EMPLOYMENT,
   12  PROVIDED THAT SUCH INDIVIDUALS ARE EMPLOYED BY THE TAXPAYER AS A  RESULT
   13  OF  THE  TAXPAYER'S  COMMERCIALIZATION OF INTELLECTUAL PROPERTY ACQUIRED
   14  FROM A COLLEGE OR UNIVERSITY INCORPORATED BY THE REGENTS OF THE  UNIVER-
   15  SITY OF THE STATE OF NEW YORK, AND
   16    (3) THE PRODUCT OF FOUR THOUSAND DOLLARS TIMES THE NUMBER OF "TARGETED
   17  EMPLOYEES",  AS DEFINED IN SUBPARAGRAPH TWO OF PARAGRAPH (B) OF SUBDIVI-
   18  SION NINETEEN OF THIS SECTION  WITHOUT  REGARD  TO  EMPIRE  ZONE  WAGES,
   19  EMPLOYED  FULL-TIME  BY  THE  TAXPAYER  IN  THE TAXABLE YEAR THAT ARE IN
   20  EXCESS OF ONE HUNDRED PERCENT OF THE TAXPAYER'S BASE YEAR EMPLOYMENT.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD04189-03-0
       A. 1889--A                          2
    1    S 2. Paragraph 4 of subsection (q) of section 606 of the tax  law,  as
    2  added  by  section  2  of  part I of chapter 407 of the laws of 1999, is
    3  amended to read as follows:
    4    (4) The amount of the credit shall equal THE SUM OF:
    5    (1) the product of [one] TWO thousand dollars multiplied by the number
    6  of  individuals  employed  full-time by such company in the taxable year
    7  that are in excess of one hundred percent of such  company's  base  year
    8  employment AND
    9    (2)  THE PRODUCT OF THREE THOUSAND DOLLARS MULTIPLIED BY THE NUMBER OF
   10  INDIVIDUALS EMPLOYED FULL-TIME BY SUCH COMPANY IN THE TAXABLE YEAR  THAT
   11  ARE IN EXCESS OF ONE HUNDRED PERCENT OF SUCH COMPANY'S BASE YEAR EMPLOY-
   12  MENT,  PROVIDED  THAT SUCH INDIVIDUALS ARE EMPLOYED BY SUCH COMPANY AS A
   13  RESULT OF SUCH  COMPANY'S  COMMERCIALIZATION  OF  INTELLECTUAL  PROPERTY
   14  ACQUIRED FROM A COLLEGE OR UNIVERSITY INCORPORATED BY THE REGENTS OF THE
   15  UNIVERSITY OF THE STATE OF NEW YORK, AND
   16    (3)  THE  PRODUCT OF FOUR THOUSAND DOLLARS MULTIPLIED BY THE NUMBER OF
   17  "TARGETED EMPLOYEES", AS DEFINED IN SUBPARAGRAPH (B) OF PARAGRAPH TWO OF
   18  SUBSECTION (K) OF THIS SECTION WITHOUT  REGARD  TO  EMPIRE  ZONE  WAGES,
   19  EMPLOYED  FULL-TIME  BY  SUCH  COMPANY  IN  THE TAXABLE YEAR THAT ARE IN
   20  EXCESS OF ONE HUNDRED PERCENT OF SUCH COMPANY'S BASE YEAR EMPLOYMENT.
   21    S 3. This act shall take effect immediately and shall apply to taxable
   22  years beginning on and after January 1, 2010.