New York A07567 expands the definition of business entity to include not-for-profit corporations and public television or radio corporations.

New York A07567 amends the economic development law to redefine "business entity" to include not-for-profit corporations and public television or radio corporations. This change allows these entities to claim the newspaper and broadcast media jobs tax credit. The tax credit is applicable to eligible businesses owned by the taxpayer or by an entity of which the taxpayer is a partner or shareholder. The amendment takes effect for tax years commencing on and after January 1, 2027.

New York A07567 expands the definition of business entity to include not-for-profit corporations and public television or radio corporations.

New York A07567 amends the economic development law to redefine "business entity" to include not-for-profit corporations and public television or radio corporations. This change allows these entities to claim the newspaper and broadcast media jobs tax credit. The tax credit is applicable to eligible businesses owned by the taxpayer or by an entity of which the taxpayer is a partner or shareholder. The amendment takes effect for tax years commencing on and after January 1, 2027.