New York Assembly bill in Session 2025-2026.
Status: in_committee. Latest action: January 7, 2026.
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.
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.
| Date | Event | Detail |
|---|---|---|
| 2025-02-04 | Introduced | Bill introduced |
| 2026-01-07 | Status | in_committee |
| 2026-01-07 | Latest Action | In Assembly Committee |