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S04391 Summary:

BILL NOS04391A
 
SAME ASNo Same As
 
SPONSORGRIFFO
 
COSPNSRORTT, SEWARD
 
MLTSPNSR
 
Amd §612, Tax L; amd §425, RPT L; add Art 24 §§500 - 502, Ec Dev L
 
Enacts the "Made in New York act"; increases the deduction from the federal gross adjusted income of certain small businesses; grants eligibility for the basic STAR exemption to certain small businesses; and establishes the 3-D program which grants tax benefits to manufacturers which design, develop and manufacture a new product in the state.
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