A 2639 New York Assembly · 2019 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 2019
Committee Review
Floor Vote
Governor
Introduced Jan 24, 2019 Last action Jul 14, 2020
Floor votes

How they voted

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Full legislative history

Actions timeline

Total actions
3
Key actions
0
Committee
2
Jan 8, 2020
Assembly · Referred to committee
REFERRED TO WAYS AND MEANS
Jan 24, 2019
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