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A03009 Summary:

Amd Various Laws, generally
Enacts into law major components of legislation which are necessary to implement the state fiscal plan for the 2017-2018 state fiscal year; relates to the school tax reduction credit for residents of a city with a population of one million or more; repealer (Part C); relates to authorizing partial payments of property taxes (Part F); relates to the effectiveness of chapter 540 of the laws of 1992 amending the real property tax law relating to oil and gas charges (Part I); relates to the operation of the veterans' home assistance fund by the chancellor of the state university of New York (Part J); relates to the employee training incentive program (Part L); relates to extending the empire state film production credit and empire state film post production credit for three years (Part M); relates to creating a program to provide tax incentives for employers employing at risk youth (Subpart A); relates to establishing the empire state apprenticeship tax credit program and granting the commissioner of the department of labor the power to administer such program (Subpart B) (Part N); relates to extending the alternative fuel and electric vehicle recharging property tax credit through the year two thousand twenty-two (Part O); provides that for the purposes of the business franchise and personal income investment tax credits, tangible personal property shall not include property used to produce or distribute electricity, natural gas, steam or water, or used to create, produce or reproduce a film, recording or commercial where the costs thereof were incurred outside of the state (Part P); provides that the entity of a single member limited liability company shall be disregarded for purposes of the eligibility of the owner thereof for the corporate, business franchise, personal income or insurance corporation tax credits he or she may otherwise be eligible for (Part Q); relates to permanently extending the high income charitable contribution deduction limitation (Part S); relates to increasing the child and dependent care tax credit (Part T); relates to the financial institution data match system for state tax collection purposes (Part U); relates to warrentless garnishment (Part X); relates to the taxation of S corporations; repealer (Part Y); relates to including shares of stock in a cooperative housing corporation where the cooperative units relating to the shares are located in New York in the definition of the term "real property owned in this state" (Part Z); relates to closing the nonresident partnership asset sale loophole (Part AA); relates to requiring marketplace providers to collect sales tax (Part BB); relates to closing the existing sales tax loopholes for transactions between related entities (Part CC); relates to clarifying the imposition of sales tax on gas service or electric service of whatever nature (Part DD); relates to the imposition of a surcharge on prepaid wireless communications service and devices (Part EE); relates to tobacco products, herbal cigarettes, and vapor products; imposes tax on vapor products (Part FF); relates to the imposition of a tax on cigars under article 20 thereof (Part II); relates to the definition of a conveyance for real estate transfer taxes (Part JJ); relates to the additional real estate transfer tax (Part KK); relates to licensing for certain games of chance; increases certain prize amounts and includes further information regarding firefighters as an authorized organization (Part MM); relates to allowing for the reprivitization of NYRA and a reduction in winter racing days (Part NN); relates to licenses for simulcast facilities, sums relating to track simulcast, simulcast of out-of-state thoroughbred races, simulcasting of races run by out-of-state harness tracks and distributions of wagers; and the imposition of certain taxes (Part OO); relates to extending Monticello video lottery terminal rates for one year (Part PP); relates to capital awards to vendor tracks (Part QQ); relates to the business income base rate and expanding the small business subtraction modification (Part SS); relates to income tax reform; alternative tax table benefit recapture (Part TT); increases the amount of certain investment tax credits (Part UU); increases the excelsior research and development tax credit from three to five percent (Part VV); relates to eligibility to participate in the excelsior jobs program (Part WW); establishes the New York state tax advantage student loan repayment program to provide tax credit for employer contributions toward student loans (Part XX); relates to a credit for purchase, construction or retrofitting of a principal residence to achieve universal visitability pursuant to guidelines developed by the division of code enforcement and administration within the department of state; caps tax credits awarded at 1 million dollars per year for 5 years (Part YY); establishes the empire state music production credit and the empire state digital gaming media production credit (Part AAA); removes references to STAR in the real property tax law and tax law; repeals provisions relating to the school tax relief credit (Part BBB); relates to rental assistance for low income elderly families; imposes a tax on conveyances or transfers of residential real property whose consideration is greater than two million dollars (Part CCC); establishes a tax credit for donation of wholesome food to a food bank or other emergency food program by eligible New York state farmers (Part DDD); relates to establishing an education loan interest deduction credit (Part EEE); relates to providing insurance corporations with a tax credit for investments made in rural business growth funds; establishes the New York agriculture and rural jobs fund (Part FFF); relates to authorizing the New York Jockey Injury Compensation Fund, Inc. to provide insurance coverage for employees of trainers and owners (Part GGG); relates to the operation of video lottery terminals at Aqueduct racetrack (Part HHH).
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