New York S 5647: Establishes a small business tax credit for certain efforts taken to improve such small business's facility in an effort to reduce the spread of infectious diseases

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
S05647 Summary:

BILL NOS05647 

&nbsp

SAME ASSAME AS A02474

&nbsp

SPONSORASHBY

&nbsp

COSPNSRHELMING, PALUMBO

&nbsp

MLTSPNSR

&nbsp

Amd §§210-B & 606, Tax L

&nbsp

Establishes a small business tax credit for certain efforts taken to improve such small business's facility in an effort to reduce the spread of infectious diseases.

Go to top S05647 Actions:

BILL NOS05647 

&nbsp

02/26/2025REFERRED TO BUDGET AND REVENUE

01/07/2026REFERRED TO BUDGET AND REVENUE

Go to topS05647 Committee&nbspVotes:

Go to topS05647 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS05647 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 5647

 2025-2026 Regular Sessions

 IN SENATE

 February 26, 2025
 ___________

 Introduced by Sens. ASHBY, HELMING, PALUMBO -- read twice and ordered
 printed, and when printed to be committed to the Committee on Budget
 and Revenue

 AN ACT to amend the tax law, in relation to establishing a small busi-
 ness tax credit for certain efforts taken to improve such small busi-
 ness's facility in an effort to reduce the spread of infectious
 diseases

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Section 210-B of the tax law is amended by adding a new
 2 subdivision 61 to read as follows:
 3 61. Small business tax credit; infectious disease mitigation. (a)
 4 General. A taxpayer that is a small business shall be allowed a credit,
 5 to be computed as provided in this subdivision, against the tax imposed
 6 by this article for efforts taken to improve such taxpayer's facility in
 7 an effort to reduce the spread of infectious diseases.
 8 (b) Amount of credit. A credit authorized by this section shall be
 9 equal to the amount of money spent by an eligible taxpayer to construct,
 10 install, build, and/or equip such taxpayer's facility with new amenities
 11 primarily intended to reduce the spread of infectious diseases, but
 12 shall not exceed five thousand dollars total for each location where
 13 such new amenities have been constructed, installed, built, and/or
 14 equipped.
 15 (c) Carryover. The credit allowed under this subdivision for any taxa-
 16 ble year shall not reduce the tax due for such year to less than the
 17 amount prescribed in paragraph (d) of subdivision one of section two
 18 hundred ten of this article. However, if the amount of credit allowable
 19 under this subdivision for any taxable year reduces the tax to such
 20 amount or if the taxpayer otherwise pays tax based on the fixed dollar
 21 minimum amount, any amount of credit not deductible in such taxable year

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD03744-01-5

 S. 5647 2

 1 may be carried over to the following three years, and may be deducted
 2 from the qualified employer's tax for such years.
 3 (d) Definitions. As used in this subdivision, the term "small busi-
 4 ness" shall mean any business having fifty or fewer employees.
 5 (e) Claim of credit. A taxpayer shall not be allowed to claim this
 6 credit to the extent the basis of the calculation of this credit has
 7 been claimed for another tax credit under this chapter.
 8 § 2. Section 606 of the tax law is amended by adding a new subsection
 9 (qqq) to read as follows:
 10 (qqq) Small business tax credit; infectious disease mitigation. (1)
 11 General. A taxpayer that is a small business shall be allowed a credit,
 12 to be computed as provided in this subsection, against the tax imposed
 13 by this article for efforts taken to improve such taxpayer's facility in
 14 an effort to reduce the spread of infectious diseases.
 15 (2) Amount of credit. A credit authorized by this section shall be
 16 equal to the amount of money spent by an eligible taxpayer to construct,
 17 install, build, and/or equip such taxpayer's facility with new amenities
 18 primarily intended to reduce the spread of infectious diseases, but
 19 shall not exceed five thousand dollars total for each location where
 20 such new amenities have been constructed, installed, built, and/or
 21 equipped.
 22 (3) Carryover. The credit allowed under this subsection for any taxa-
 23 ble year shall not reduce