S07462 Summary:

BILL NOS07462
 
SAME ASSAME AS A10352
 
SPONSORGOLDEN
 
COSPNSRDUANE
 
MLTSPNSR
 
Amd S1201-a, Tax L
 
Relates to extending the tax credit for biotechnology against the general corporation tax, unincorporated business tax, and banking corporation tax in certain cities.
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S07462 Actions:

BILL NOS07462
 
05/22/2012REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
05/31/20121ST REPORT CAL.980
06/04/20122ND REPORT CAL.
06/05/2012ADVANCED TO THIRD READING
06/11/2012PASSED SENATE
06/11/2012DELIVERED TO ASSEMBLY
06/11/2012referred to ways and means
06/19/2012substituted for a10352
06/19/2012ordered to third reading rules cal.367
06/19/2012passed assembly
06/19/2012returned to senate
08/06/2012DELIVERED TO GOVERNOR
08/17/2012SIGNED CHAP.429
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S07462 Floor Votes:

DATE:06/19/2012Assembly Vote  YEA/NAY: 143/0
AbbateYCerettoYGlickYLentolYMurrayYRyanY
AbinantiYClarkYGoldfederYLiftonYNolanYSaladinoY
AmedoreYColtonYGoodellYLinaresYOaksYSaywardY
ArroyoYConteERGottfriedYLope PDYO'DonnellYScarboroughY
AubryYCookYGrafYLope VJYOrtizYSchimelY
BarclayYCorwinYGuntherYLosquadroYPalmesanoYSchimmingerY
BarrettYCrespoYHannaYLupardoYPaulinYSimanowitzY
BarronYCrouchYHawleyYMageeYPeoples StokesYSimotasY
BenedettoYCurranYHeastieYMagnarelliYPerryYSkartadosY
BlankenbushYCusickYHevesiYMaiselYPretlowYSmardzY
BoylandERCymbrowitzYHikindYMalliotakisYQuartYStevensonY
BoyleYDenDekkerYHooperYMarkeyYRaYSweeneyY
BraunsteinYDinowitzYJacobsYMayerYRabbittYTediscoY
BrennanYDupreyYJaffeeYMcDonoughYRaiaYTenneyY
BrindisiYEnglebrightYJeffriesERMcEnenyYRamosYThieleY
BronsonYEspinalYJohnsYMcKevittYReilichYTitoneY
Brook KrasnyYFarrellYJordanYMcLaughlinYReillyYTitusY
BurlingYFinchYKatzERMengERRive J YTobaccoY
ButlerYFitzpatrickYKavanaghYMill D YRive N YWalterY
CahillYFriendYKearnsYMill JMYRive PMYWeinsteinY
CalhounYGabryszakYKellnerYMill MGYRobertsYWeisenbergY
CamaraYGalefYKolbYMillmanYRobinsonYWeprinY
CanestrariYGanttYLancmanERMontesanoYRodriguezYWrightY
CastelliYGibsonYLatimerYMorelleYRosenthalYZebrowskiY
CastroERGiglioYLavineYMoyaYRussellYMr SpkrY

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S07462 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          7462
 
                    IN SENATE
 
                                      May 22, 2012
                                       ___________
 
        Introduced  by  Sen.  GOLDEN -- read twice and ordered printed, and when
          printed to be committed to the Committee on Investigations and Govern-
          ment Operations
 
        AN ACT to amend the tax law, in relation to extending the  authorization
          for  any  city having a population of one million or more to provide a
          biotechnology credit against the general corporation  tax,  unincorpo-

          rated business tax, and banking corporation tax of such city
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Paragraph 5 of subdivision d of section 1201-a of  the  tax
     2  law,  as added by chapter 453 of the laws of 2009, is amended to read as
     3  follows:
     4    5. Any local law adopted pursuant to this subdivision may provide  for
     5  a  credit  as  authorized  by  this  subdivision  for a maximum of three
     6  consecutive calendar years, provided, however, that any such credit  may
     7  not  apply to taxable years beginning before January first, two thousand
     8  ten or beginning on or after  January  first,  two  thousand  [thirteen]
     9  sixteen.
    10    § 2. This act shall take effect immediately.
 
 
 
 
 
 

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15867-01-2
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