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Enacts into law major components of legislation which are necessary to implement the state fiscal plan for the 2022-2023 state fiscal year

It became law on Apr 9, 2022.

NY S 8009 · Senate Bill · 2021-2022

Stage
Became law
Started in
Senate
Latest action
Apr 9, 2022

What it does

Enacts into law major components of legislation which are necessary to implement the state fiscal plan for the 2022-2023 state fiscal year; accelerates middle class tax cuts (Subpart A); provides for an alternative tax table benefit recapture for certain taxpayers (Subpart B)(Part A); provides an enhanced investment tax credit to farmers (Subpart A); extends the farm workforce retention credit (Subpart B); establishes a farm employer overtime credit (Subpart C)(Part B); expands the small business subtraction modification (Part C); excludes certain student loan forgiveness awards from state income tax (Part D); enacts the COVID-19 capital costs tax credit program to provide financial…

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Where it stands

This bill passed and is now law.

  1. Introduced (Done)

  2. Committee (Done)

  3. Floor (Done)

  4. Law (Done)

    Apr 9, 2022

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Where it goes next

Once a bill is decided, the questions are about what is done with it in New York.

Work with this bill

Enacts into law major components of legislation which are necessary to implement the state fiscal plan for the 2022-2023 state fiscal year | 52