NY Bill Would Incentivize Bringing New Tech To Market

Law360, New York (March 3, 2014, 4:59 PM EST) -- New York state lawmakers introduced a bill on Friday designed to assist in-state startup companies by creating a new tax credit that would cover costs associated with bringing new technology to market.

The proposed credit being floated by Assembly member Crystal D. People-Stokes, D-Buffalo, would cover up to 15 percent of a company's expenses associated with commercializing an emerging technology.

The credit is intended to fill a perceived gap in New York's tax code that promotes research and collaboration between businesses and state universities, but does...
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