Bill Text: NY S06109 | 2019-2020 | General Assembly | Introduced


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

Spectrum: Bipartisan Bill

Status: (Introduced) 2019-05-16 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS [S06109 Detail]

Download: New_York-2019-S06109-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________

                                          6109

                               2019-2020 Regular Sessions

                    IN SENATE

                                      May 16, 2019
                                       ___________

        Introduced  by Sens. MAY, RITCHIE -- read twice and ordered printed, and
          when printed to be committed to the Committee  on  Investigations  and
          Government Operations

        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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