STATE OF NEW YORK
________________________________________________________________________
4660
2025-2026 Regular Sessions
IN SENATE
February 10, 2025
___________
Introduced by Sen. SKOUFIS -- read twice and ordered printed, and when
printed to be committed to the Committee on Investigations and Govern-
ment Operations
AN ACT to repeal section 36, subsection (tt) of section 606, and
subsection (bb) of section 1511 of the tax law and subdivision 3 of
section 425 of the economic development law relating to the empire
state jobs retention program credit
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 36 of the tax law is REPEALED.
2 § 2. Subdivision 3 of section 425 of the economic development law is
3 REPEALED.
4 § 3. Subsection (tt) of section 606 of the tax law, as added by
5 section 4 of part E of chapter 56 of the laws of 2011, is REPEALED.
6 § 4. Subsection (bb) of section 1511 of the tax law is REPEALED.
7 § 5. This act shall take effect on the first of January next succeed-
8 ing the date on which it shall have become a law and shall apply to
9 taxable years beginning on or after such date. Effective immediately,
10 the addition, amendment and/or repeal of any rule or regulation neces-
11 sary for the implementation of this act on its effective date are
12 authorized to be made and completed on or before such effective date.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD09245-01-5
