STATE OF NEW YORK
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7236
IN SENATE
April 8, 2016
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Introduced by Sen. RITCHIE -- read twice and ordered printed, and when
printed to be committed to the Committee on Rules
AN ACT to amend the tax law, in relation to the farm workforce retention
credit
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision (e) of section 42 of the tax law, as added by
2 section 1 of part RR of a chapter of the laws of 2016, amending the tax
3 law relating to creating the farm workforce retention credit, as
4 proposed in legislative bill numbers S. 6409-C and A. 9009-C, is amended
5 to read as follows:
6 (e) For taxable years beginning on or after January first, two thou-
7 sand seventeen and before January first, two thousand eighteen, the
8 amount of the credit allowed under this section shall be equal to the
9 product of the total number of eligible farm employees and [two] five
10 hundred [fifty] dollars. For taxable years beginning on or after January
11 first, two thousand eighteen and before January first, two thousand
12 nineteen, the amount of the credit allowed under this section shall be
13 equal to the product of the total number of eligible farm employees and
14 [three] six hundred dollars. For taxable years beginning on or after
15 January first, two thousand nineteen and before January first, two thou-
16 sand twenty, the amount of the credit allowed under this section shall
17 be equal to the product of the total number of eligible farm employees
18 and [five] eight hundred dollars. For taxable years beginning on or
19 after January first, two thousand twenty and before January first, two
20 thousand twenty-one, the amount of the credit allowed under this section
21 shall be equal to the product of the total number of eligible farm
22 employees and [four hundred] one thousand dollars. For taxable years
23 beginning on or after January first, two thousand twenty-one and before
24 January first, two thousand twenty-two, the amount of the credit allowed
25 under this section shall be equal to the product of the total number of
26 eligible farm employees and [six hundred] one thousand two hundred
27 dollars.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD14974-02-6
S. 7236 2
1 § 2. This act shall take effect on the same date and in the same
2 manner as section 1 of part RR of a chapter of the laws of 2016, amend-
3 ing the tax law relating to creating the farm workforce retention cred-
4 it, as proposed in legislative bill numbers S. 6409-C and A. 9009-C,
5 takes effect.
