Senate Bill S637A

2015-2016 Legislative Session

Establishes the capital investment jobs retention program

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Archive: Last Bill Status - In Senate Committee Commerce, Economic Development And Small Business Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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Bill Amendments

2015-S637 - Details

Current Committee:
Senate Commerce, Economic Development And Small Business
Law Section:
Economic Development Law
Laws Affected:
Add Art 23 §§450 - 459, Ec Dev L; add §42, amd §§210-B, 606, & 1511, Tax L
Versions Introduced in Other Legislative Sessions:
2011-2012: S7653
2013-2014: S822
2017-2018: S1842
2019-2020: S564

2015-S637 - Summary

Establishes the capital investment jobs retention program offering a tax credit program for businesses within New York state that opt to make large capital investments and maintain certain job levels.

2015-S637 - Sponsor Memo

2015-S637 - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                   637

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 7, 2015
                               ___________

Introduced  by  Sen. KENNEDY -- read twice and ordered printed, and when
  printed to be committed to the Committee on Commerce, Economic  Devel-
  opment and Small Business

AN  ACT  to  amend  the  economic  development  law  and the tax law, in
  relation to establishing the capital investment jobs retention program

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  The  economic  development law is amended by adding a new
article 22 to read as follows:
                               ARTICLE 22
                CAPITAL INVESTMENT JOBS RETENTION PROGRAM
SECTION 441. SHORT TITLE.
        442. DEFINITIONS.
        443. ELIGIBILITY CRITERIA.
        444. APPLICATION AND APPROVAL PROCESS.
        445. CAPITAL INVESTMENT JOBS RETENTION PROGRAM CREDIT.
        446. POWERS AND DUTIES OF THE COMMISSIONER.
        447. MAINTENANCE OF RECORDS.
        448. REPORTING.
        449. CAP ON TAX CREDIT.
        450. PENALTIES.
  S 441. SHORT TITLE. THIS ARTICLE SHALL BE KNOWN AND MAY  BE  CITED  AS
THE "CAPITAL INVESTMENT JOBS RETENTION PROGRAM".
  S 442. DEFINITIONS. FOR THE PURPOSES OF THIS ARTICLE:
  1.  "AGRICULTURE"  MEANS  BOTH AGRICULTURAL PRODUCTION (ESTABLISHMENTS
PERFORMING THE COMPLETE FARM OR RANCH OPERATION, SUCH AS FARM  OWNER-OP-
ERATORS,  TENANT  FARM  OPERATORS,  AND  SHARECROPPERS) AND AGRICULTURAL
SUPPORT (ESTABLISHMENTS THAT PERFORM ONE OR MORE  ACTIVITIES  ASSOCIATED
WITH FARM OPERATION, SUCH AS SOIL PREPARATION, PLANTING, HARVESTING, AND
MANAGEMENT, ON A CONTRACT OR FEE BASIS).

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

2015-S637A (ACTIVE) - Details

Current Committee:
Senate Commerce, Economic Development And Small Business
Law Section:
Economic Development Law
Laws Affected:
Add Art 23 §§450 - 459, Ec Dev L; add §42, amd §§210-B, 606, & 1511, Tax L
Versions Introduced in Other Legislative Sessions:
2011-2012: S7653
2013-2014: S822
2017-2018: S1842
2019-2020: S564

2015-S637A (ACTIVE) - Summary

Establishes the capital investment jobs retention program offering a tax credit program for businesses within New York state that opt to make large capital investments and maintain certain job levels.

2015-S637A (ACTIVE) - Sponsor Memo

2015-S637A (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 637--A

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 7, 2015
                               ___________

Introduced  by  Sen. KENNEDY -- read twice and ordered printed, and when
  printed to be committed to the Committee on Commerce, Economic  Devel-
  opment and Small Business -- recommitted to the Committee on Commerce,
  Economic Development and Small Business in accordance with Senate Rule
  6,  sec. 8 -- committee discharged, bill amended, ordered reprinted as
  amended and recommitted to said committee

AN ACT to amend the  economic  development  law  and  the  tax  law,  in
  relation to establishing the capital investment jobs retention program

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The economic development law is amended  by  adding  a  new
article 23 to read as follows:
                               ARTICLE 23
                CAPITAL INVESTMENT JOBS RETENTION PROGRAM
SECTION 450. SHORT TITLE.
        451. DEFINITIONS.
        452. ELIGIBILITY CRITERIA.
        453. APPLICATION AND APPROVAL PROCESS.
        454. CAPITAL INVESTMENT JOBS RETENTION PROGRAM CREDIT.
        455. POWERS AND DUTIES OF THE COMMISSIONER.
        456. MAINTENANCE OF RECORDS.
        457. REPORTING.
        458. CAP ON TAX CREDIT.
        459. PENALTIES.
  S  450.  SHORT  TITLE. THIS ARTICLE SHALL BE KNOWN AND MAY BE CITED AS
THE "CAPITAL INVESTMENT JOBS RETENTION PROGRAM".
  S 451. DEFINITIONS. FOR THE PURPOSES OF THIS ARTICLE:
  1. "AGRICULTURE" MEANS BOTH  AGRICULTURAL  PRODUCTION  (ESTABLISHMENTS
PERFORMING  THE COMPLETE FARM OR RANCH OPERATION, SUCH AS FARM OWNER-OP-
ERATORS, TENANT FARM  OPERATORS,  AND  SHARECROPPERS)  AND  AGRICULTURAL

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

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