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A08559 Summary:

BILL NO    A08559D


SPONSOR    Budget



Amd Various Laws, generally

Enacts into law major components of legislation necessary to implement the
state fiscal plan for the 2014-2015 state fiscal year; relates to the
reformation of the taxation on business corporations; allows direct payment of
STAR savings; extends fees for the establishment of oil and gas unit of
production value; modifies signature requirements on e-filed returns; extends
the non-custodial parent earned income tax credit for two years; closes the
resident trust loophole; repeals the additional minimum personal income tax;
establishes an enhanced real property tax circuit breaker; modifies delivery of
the family tax relief credit; extends the empire state commercial production
tax credit; authorizes additional credits for the low income housing credit;
establishes a twenty percent real property tax credit for manufacturers and
eliminates the net income tax on upstate manufacturers; repeals the franchise
tax on agriculture cooperatives; provides a refundable credit for
telecommunications excise taxes on START-UP NY; enhances the youth works tax
credit; extends the alternative fuels tax exemption; simplifies the
distribution of motor vehicle fee receipts; relates to comprehensive estate tax
reform; extends Monticello raceway video lottery terminal rates for one year;
extends certain tax rates and certain simulcasting provisions; extends VLG
vendors capital awards program; aligns mobility and personal income tax filings
for the self-employed; relates to commercial gaming; provides a two-year
property tax freeze through a refundable personal income tax credit; extends
certain New York city tax exemptions; relates to a musical theatrical
production credit; increases the sales tax exemption threshold amount for
vending machines; increases film production credit benefits for films produced
in certain counties; relates to the length of service awards; creates a third
region for the prepayment of motor fuel taxes; establishes the workers with
disabilities tax credit program; provides tax incentives to employers for
employing individuals with developmental disabilities; allows a STAR lookback
period for widows and widowers; relates to health insurance for jockeys.
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