Bill
Bill > A04521
NY A04521
Provides a maximum $200 tax credit for taxpayer expenses associated with the development of open source and free software license programs.
summary
Introduced
02/02/2017
02/02/2017
In Committee
01/03/2018
01/03/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
2017-2018 General Assembly
Bill Summary
AN ACT to amend the tax law, in relation to providing a tax credit to individuals for up to two hundred dollars of expenses related to the development and posting of an open source or free license program The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1
AI Summary
This bill provides a maximum $200 tax credit for taxpayer expenses associated with the development of open source and free software license programs. Specifically, the bill amends the tax law to allow a credit of up to 20% of the total out-of-pocket expenses incurred by a taxpayer in developing a program that is released under an open source or free software license recognized by the Open Source Initiative or the Free Software Foundation, up to a maximum of $200. The credit can only be claimed by an individual for a particular program, and the amount of the credit cannot exceed the taxpayer's tax liability for the year. Any unused credit can be carried over to the following year or years. The bill will take effect immediately and apply to taxable years beginning on or after the first of January following the date it becomes law.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
referred to ways and means (on 01/03/2018)
Official Document
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