A 213 New York Assembly · 2017 Regular Session

Provides for a job creation tax credit

Summary
Provides a 50% tax credit for new income tax revenue generated by a new employee; provides credit may be taken up to 10 years; provides that the Department of Economic Development must monitor and certify the additional employment for any business which applies for the credit; provides any company taking the credit must maintain employment in the state for twice the number of years as the term of the tax credit; provides the Department of Economic Development shall annually report to the governor and the Legislature on the number and amounts of credits.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2017
Committee Review
Floor Vote
Governor
Introduced Jan 4, 2017 Last action Jan 3, 2018
Floor votes

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Full legislative history

Actions timeline

Total actions
2
Key actions
0
Committee
2
Jan 3, 2018
Assembly · Referred to committee
REFERRED TO WAYS AND MEANS
Jan 4, 2017
Assembly · Referred to committee
REFERRED TO WAYS AND MEANS
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
DG
David Gantt
DDemocratic
NY
137