New York S 4660: Repeals the empire state jobs retention program credit

Bill Text

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S04660 Summary:

BILL NOS04660 

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SAME ASNo Same As

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SPONSORSKOUFIS

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COSPNSR

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MLTSPNSR

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Rpld §36, §606 sub§ (tt), §1511 sub§ (bb), Tax L; rpld §425 sub 3, Ec Dev L

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Repeals provisions relating to the empire state jobs retention program credit.

Go to top S04660 Actions:

BILL NOS04660 

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02/10/2025REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

01/07/2026REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

Go to topS04660 Committee&nbspVotes:

Go to topS04660 Floor&nbspVotes:

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

Go to topS04660 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 4660

 2025-2026 Regular Sessions

 IN SENATE

 February 10, 2025
 ___________

 Introduced by Sen. SKOUFIS -- read twice and ordered printed, and when
 printed to be committed to the Committee on Investigations and Govern-
 ment Operations

 AN ACT to repeal section 36, subsection (tt) of section 606, and
 subsection (bb) of section 1511 of the tax law and subdivision 3 of
 section 425 of the economic development law relating to the empire
 state jobs retention program credit

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

 1 Section 1. Section 36 of the tax law is REPEALED.
 2 § 2. Subdivision 3 of section 425 of the economic development law is
 3 REPEALED.
 4 § 3. Subsection (tt) of section 606 of the tax law, as added by
 5 section 4 of part E of chapter 56 of the laws of 2011, is REPEALED.
 6 § 4. Subsection (bb) of section 1511 of the tax law is REPEALED.
 7 § 5. This act shall take effect on the first of January next succeed-
 8 ing the date on which it shall have become a law and shall apply to
 9 taxable years beginning on or after such date. Effective immediately,
 10 the addition, amendment and/or repeal of any rule or regulation neces-
 11 sary for the implementation of this act on its effective date are
 12 authorized to be made and completed on or before such effective date.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09245-01-5

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