Bill Text: NY A07136 | 2019-2020 | General Assembly | Introduced


Bill Title: Provides an increased tax credit for the total number of eligible farm employees.

Spectrum: Partisan Bill (Democrat 8-0)

Status: (Introduced) 2019-04-10 - referred to ways and means [A07136 Detail]

Download: New_York-2019-A07136-Introduced.html


                STATE OF NEW YORK
        ________________________________________________________________________
                                          7136
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                     April 10, 2019
                                       ___________
        Introduced  by  M.  of A. BUTTENSCHON, D'URSO, LUPARDO, WOERNER, SAYEGH,
          WILLIAMS -- read once and referred to the Committee on Ways and Means
        AN ACT to amend the tax law, in relation to the farm workforce retention
          credit
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Subdivision (e) of section 42 of the tax law, as added by
     2  section 1 of part RR of chapter 60 of the laws of 2016,  is  amended  to
     3  read as follows:
     4    (e)  For  taxable years beginning on or after January first, two thou-
     5  sand seventeen and before January  first,  two  thousand  eighteen,  the
     6  amount  of  the  credit allowed under this section shall be equal to the
     7  product of the total number of eligible farm employees and  two  hundred
     8  fifty  dollars.  For  taxable years beginning on or after January first,
     9  two thousand eighteen and before January first, two  thousand  nineteen,
    10  the  amount  of  the credit allowed under this section shall be equal to
    11  the product of the total number of eligible farm employees  and  [three]
    12  six  hundred  dollars.  For  taxable years beginning on or after January
    13  first, two thousand nineteen and  before  January  first,  two  thousand
    14  twenty,  the  amount  of  the credit allowed under this section shall be
    15  equal to the product of the total number of eligible farm employees  and
    16  [five]  eight  hundred  dollars. For taxable years beginning on or after
    17  January first, two thousand twenty and before January first,  two  thou-
    18  sand  twenty-one,  the  amount  of the credit allowed under this section
    19  shall be equal to the product of  the  total  number  of  eligible  farm
    20  employees  and  [four  hundred]  one thousand dollars. For taxable years
    21  beginning on or after January first, two thousand twenty-one and  before
    22  January first, two thousand twenty-two, the amount of the credit allowed
    23  under  this section shall be equal to the product of the total number of
    24  eligible farm employees and  [six  hundred]  one  thousand  two  hundred
    25  dollars.
    26    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD04050-01-9
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