A2271 (2023-24 session)

NY State bill

Creates a tax credit for manufacturing companies that have one established place of business in the state and relocate a minimum of fifty employees from outside the state to the state; provides that manufacturing companies shall be allowed a credit in the amount of 2.5 percent of the average salaries of newly created manufacturing jobs multiplied by number of new jobs brought to the state.

Title
Creates a tax credit for manufacturing companies that have one established place of business in the state and relocate at least fifty employees from outside the state
Type
New York State Assembly bill
Session
2023-24 session
Status
In Assembly Committee
Latest action date
2024-01-03
In committee
Economic Development
Introduced
2023-01-25
Law section
Economic Development Law

Sponsors

Co-sponsors

Sources