Bill
Bill > S08957
NY S08957
NY S08957Provides a tax deduction for small business employers of 25% of the wages, salary or compensation paid to up to ten employees who earn up to 110% of the minimum wage.
summary
Introduced
09/02/2020
09/02/2020
In Committee
09/02/2020
09/02/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
2019-2020 General Assembly
Bill Summary
Provides a tax deduction for small business employers of 25% of the wages, salary or compensation paid to up to ten employees who earn up to 110% of the minimum wage.
AI Summary
This bill provides a tax deduction for small business employers of 25% of the wages, salary, or compensation paid to up to ten employees who earn up to 110% of the minimum wage. The term "small business" is defined pursuant to section 131 of the Economic Development Law. The deduction applies to taxable years beginning on and after January 1, 2021.
Sponsors (1)
Last Action
REFERRED TO RULES (on 09/02/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2019/S8957 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S08957&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S08957 |
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