New York 2025-2026 Regular Session

New York Senate Bill S00303

Introduced
1/8/25  

Caption

Enacts the "empire innovation act"; provides that a participant in the excelsior jobs program shall be eligible to claim a credit equal to the portion of the full cost of the participant's research and development expenses incurred that relates to the participant's research and development expenditures in New York state during the taxable year; provided however, if the participant receives a federal research and development tax credit calculated on the full cost of the participant's research and development expenses that relates to the participant's research and development expenditures in New York state during the taxable year, then said participant shall only be eligible to claim a credit equal to fifty percent of the portion of the participant's federal research and development tax credit that relates to the participant's research and development expenditures in New York state during the taxable year.

Companion Bills

No companion bills found.

Previously Filed As

NY A07935

Enacts the "empire innovation act"; provides that a participant in the excelsior jobs program shall be eligible to claim a credit equal to the portion of the full cost of the participant's research and development expenses incurred that relates to the participant's research and development expenditures in New York state during the taxable year; provided however, if the participant receives a federal research and development tax credit calculated on the full cost of the participant's research and development expenses that relates to the participant's research and development expenditures in New York state during the taxable year, then said participant shall only be eligible to claim a credit equal to fifty percent of the portion of the participant's federal research and development tax credit that relates to the participant's research and development expenditures in New York state during the taxable year.

NY S07671

Enacts the "empire innovation act"; provides that a participant in the excelsior jobs program shall be eligible to claim a credit equal to the portion of the full cost of the participant's research and development expenses incurred that relates to the participant's research and development expenditures in New York state during the taxable year; provided however, if the participant receives a federal research and development tax credit calculated on the full cost of the participant's research and development expenses that relates to the participant's research and development expenditures in New York state during the taxable year, then said participant shall only be eligible to claim a credit equal to fifty percent of the portion of the participant's federal research and development tax credit that relates to the participant's research and development expenditures in New York state during the taxable year.

NY S05721

Increases the excelsior research and development tax credit maximum from six to twenty percent.

NY S08584

Requires the New York state energy and research development authority inspect and certify solar energy systems as fire safe and that the results of such inspection are provided to the public.

NY S01862

Establishes the New York state innovation voucher program; provides small businesses with access to research and development by colleges and universities, government laboratories and public research institutes in order to assist such businesses in the creation of innovative products or services.

NY A03549

Establishes the New York state innovation voucher program; provides small businesses with access to research and development by colleges and universities, government laboratories and public research institutes in order to assist such businesses in the creation of innovative products or services.

NY S08541

Enacts the "NY B.O.W. act"; authorizes the New York state energy research and development authority to administer a program to provide funds related to enabling clean wind projects.

NY S02956

Authorizes the New York state energy research and development authority to develop a clean energy outreach and community planning program.

NY A02888

Authorizes the New York state energy research and development authority to develop a clean energy outreach and community planning program.

NY S08455

Enacts the "H2 energy scale up act"; authorizes the New York state energy research and development authority to administer a program to provide funds related to enabling clean hydrogen projects.

Similar Bills

No similar bills found.