Bill
Bill > S03721
NY S03721
NY S03721Provides 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
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
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 tax deduction applies to taxable years beginning on and after January 1, 2022.
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/S3721 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S03721&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S03721 |
Loading...