summary
Introduced
01/30/2021
01/30/2021
In Committee
01/05/2022
01/05/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to creating a tax deduction for certain capital gains
AI Summary
This bill creates a tax deduction for capital gains from the sale of stock or member interest in a New York corporation or limited liability company to an "employee-owned enterprise" (defined as an entity that complies with federal requirements for an "employee stock ownership plan"). The deduction applies if the employee-owned enterprise has its commercial domicile in New York.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
REFERRED TO BUDGET AND REVENUE (on 01/05/2022)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/S3810 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S03810&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S03810 |
Loading...