Authorizes the trading of unused research and development credits and net operating loss deductions to corporations and partnerships in return for.

New York S04008 establishes a program allowing new or expanding emerging technology and biotechnology companies to trade their unused research and development credits and net operating loss deductions to corporations and partnerships in exchange for private financial assistance. The bill defines terms such as "advanced materials," "biotechnology," and "environmental technology." It also outlines the process for the Department of Taxation and Finance to review and approve applications for the transfer of tax benefits.

Authorizes the trading of unused research and development credits and net operating loss deductions to corporations and partnerships in return for.

New York S04008 establishes a program allowing new or expanding emerging technology and biotechnology companies to trade their unused research and development credits and net operating loss deductions to corporations and partnerships in exchange for private financial assistance. The bill defines terms such as "advanced materials," "biotechnology," and "environmental technology." It also outlines the process for the Department of Taxation and Finance to review and approve applications for the transfer of tax benefits.