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A03009 Summary:

BILL NO    A03009D


SPONSOR    Budget



Amd Various Laws, generally

Enacts into law major components of legislation necessary to implement the
state fiscal plan for the 2013-2014 state fiscal year; relates to the temporary
metropolitan transportation business tax surcharge; relates to the empire state
film production credit and to the empire state film post production credit;
relates to reports; establishes the New York business incubator and innovation
hot spot support act; relates to extending for three years the charitable
contributions deduction limitation; relates to the exclusion of certain royalty
payments from the entire net income or other taxable basis of corporations,
banking corporations, and insurance corporations, from the unrelated business
income of corporations, and from the adjusted gross income of individual
taxpayers; relates to the historic preservation tax credit; provides a tax
credit for electric vehicle recharging property; relates to extending
provisions relating to mandatory electronic filing of tax documents and
improving sales tax compliance; relates to restrictions on funds of the
industrial development agency and relates to industrial development agencies
and authorities; relates to expanding the exemption of CNG in the sales tax to
include natural gas purchased and used to produce CNG for use exclusively and
directly in the engine of a motor vehicle; relates to allowing voluntary
ambulance services, fire companies, fire departments and rescue squads to claim
reimbursement of the petroleum business tax for fuel used in their vehicles;
relates to increasing the penalty for the possession of unstamped and
unlawfully stamped cigarettes; relates to the suspension of drivers' licenses
of persons who are delinquent in the payment of past-due tax liabilities;
relates to serving an income execution with respect to individual tax debtors
without filing a warrant; relates to vendor fees paid to vendor tracks; relates
to licenses for simulcasting 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; extends certain
provisions of law; relates to the credit for the rehabilitation of historic
homes; relates to allowing certain tax-free interdistributor sales of highway
diesel motor fuel; relates to updating the farming exemption in the highway use
tax to reflect current industry practice; relates to providing a subtraction
from income for small businesses and small farms; relates to providing tax cuts
to manufacturers; relates to adding a hire a vet credit; relates to extending
the temporary state energy and utility conservation assessment; relates to a
credit for middle income taxpayers with children; relates to the New York youth
works tax credit program; relates to adding a minimum wage reimbursement
credit; relates to personal income tax rates; relates to the gift for New York
state teen health education fund; relates to establishing the New York state
teen health education fund; relates to eligible businesses participating in the
excelsior linked deposit program; relates to small business loan funds for
business enterprises that are minority- and women-owned; and relates to
establishing a New York state innovation capital fund.
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