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Bill > A06933
NY A06933
NY A06933Provides a capital gains and investment income tax exemption for resident New Yorkers investing in a New York resident technology or science start-up company.
summary
Introduced
03/24/2017
03/24/2017
In Committee
01/03/2018
01/03/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
2017-2018 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to providing a capital gains and investment income tax exemption for resident New Yorkers investing in a New York resident technology or science start-up company The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1
AI Summary
This bill provides a capital gains and investment income tax exemption for resident New Yorkers who invest in a New York resident technology or science start-up company. To qualify, the company must have been in operation for no more than three years, be a resident of New York State, and conduct business in New York State. The definition of "technology or science company" is broad, including industries such as biology, computer science, and environmental science. The tax exemption applies to tax returns filed after the effective date of the bill.
Committee Categories
Budget and Finance
Sponsors (14)
Ken Blankenbush (R)*,
Clifford Crouch (R)*,
Dave DiPietro (R)*,
Gary Finch (R)*,
Andy Goodell (R)*,
Steve Hawley (R)*,
Dave McDonough (R)*,
Bob Oaks (R)*,
Phil Palmesano (R)*,
Andrew Raia (R)*,
Dan Stec (R)*,
Mary Beth Walsh (R)*,
Ron Castorina (R),
Raymond Walter (R),
Last Action
held for consideration in ways and means (on 06/14/2018)
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