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 - Dead) 2020-01-08 - 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