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Legislative Memo

Ken Pokalsky
Vice President of Government Affairs
T 518.465.7517 x205
www.bcnys.org

BILL:

S.6610-C / A.9710-D Part Y

Support

SUBJECT:

Business Tax Credit Deferral

 

DATE:

June 30, 2010

 

The Business Council strongly opposes this proposal to defer 100 percent of business tax credits - over $2 million per taxpayer - “that otherwise would be used or refunded” for tax years 2010, 2011 and 2012.  This would affect tax credits earned for new investments in these years, as well as credit earned for prior investments.

For these reasons, The Business Council strongly opposes this proposal, and urges its rejection by the Senate and Assembly.