Int 0926-2012
Extending the biotechnology credit against the general corporation tax, and the unincorporated business tax.
IntroductionEnactedCommittee on Financeintroduced 2012-09-12Local Law 2012/061
Enacted as Local Law 2012/061.
Official record · Legistar
Agenda: 2012-09-12Passed: 2012-12-20Enacted: 2012-12-20
Committee on Finance — Executive Budget review and Budget modification, Banking Commission, Comptroller's Office, Department of Finance, Independent Budget Office, Office of Administrative Tax Appeal, and fiscal policy and revenue from any source.
How it compares
64% of similar bills passed
32 passed · 18 died
This bill: 88 days in committee
Similar bills: median 72 days · 28 days when passed
Compared against 50 Introduction bills in Committee on Finance.
Ranked by how closely each matches this bill's topic — closest first:
Int 1065-2009
Providing a biotechnology credit against the general corporation tax, and the unincorporated business tax.
27dEnacted
Int 0956-2015
Extending the biotechnology credit against the unincorporated business tax and the general corporation tax.
39dEnacted
Int 1070-2023
A biotechnology credit against the general corporation tax, the unincorporated business tax, and the corporate tax of 2015.
159dEnacted
Int 0048-1998
Tax Credits Business, New Employees
1439dFiled
Int 0975-2009
Providing a commercial production credit.
252dFiled
Int 0863-2001
Commercial Rent or occupancy tax, increasing exemptions from such tax.
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+ 44 more comparable bills
Sponsors (19)
Lifecycle
IntroducedIntroduced by Council
2012-09-12 · City Council
ActionReferred to Comm by Council
2012-09-12 · City Council
HeardHearing Held by Committee
2012-12-10 · Committee on Finance
ActionAmendment Proposed by Comm
2012-12-10 · Committee on Finance
ActionAmended by Committee
2012-12-10 · Committee on Finance
AdvancedApproved by Committee
2012-12-10 · Committee on Finance
AdvancedApproved by Council
2012-12-10 · City Council
ActionSent to Mayor by Council
2012-12-10 · City Council
HeardHearing Held by Mayor
2012-12-20 · Mayor
AdvancedSigned Into Law by Mayor
2012-12-20 · Mayor
ActionRecved from Mayor by Council
2012-12-20 · City Council
Votes (17)
Aye (15)
Domenic M. Recchia, Jr.Gale A. BrewerLeroy G. Comrie, Jr.Lewis A. FidlerRobert JacksonG. Oliver KoppellDiana ReynaJoel RiveraAlbert VannFernando Cabrera Julissa Ferreras-CopelandKaren KoslowitzJames G. Van BramerVincent IgnizioJames S. Oddo
Absent (2)
Helen D. FosterDarlene Mealy
Heard at (4)
City Council · 2012-12-10 · 1:30 PM · Council Chambers - City Hall
Committee on Finance · 2012-12-10 · 10:00 AM · Council Chambers - City Hall
City Council · 2012-09-12 · 1:30 PM · Council Chambers - City Hall
Committee on Finance · 2012-09-12 · 10:00 AM · Committee Room - City Hall
Attachments (7)
- Int. No. 926 - 9/12/12
- Committee Report
- Hearing Transcript
- Fiscal Impact Statement
- Hearing Transcript - Stated Meeting 12-10-12
- Mayor's Letter
- Local Law
Full text
Be it enacted by the Council as follows:
Section 1. Subparagraph 8 of paragraph (a) of subdivision (o) of section 11-503 of the administrative code of the city of New York, as added by local law number 67 for the year 2009, is amended to read as follows:
(8) The credit allowed under this subdivision shall only be allowed for taxable years beginning on or after January first, two thousand ten and before January first, two thousand [thirteen] sixteen.
§2. Subparagraph 8 of paragraph (a) of subdivision 21 of section 11-604 of the administrative code of the city of New York, as added by local law number 67 for the year 2009, is amended to read as follows:
(8) The credit allowed under this subdivision shall only be allowed for taxable years beginning on or after January first, two thousand ten and before January first, two thousand [thirteen] sixteen.
§ 3. Section 5 of local law number 67 for the year 2009 is amended to read as follows:
§ 5. This local law shall take effect immediately; provided, however, that this local law shall apply to taxable years beginning on or after January 1, 2010 and before January 1, [2013] 2016.
§ 4. This local law shall take effect immediately and, if it shall have become a law after December 31, 2012, shall be retroactive to and deemed to have been in full force and effect as of December 31, 2012.
TE 11-28-12
LS#3996