Expands the definition of business entity to include not-for-profit corporations and public television or radio corporations, allowing them to claim.

This bill amends the economic development law to expand the definition of "business entity" to include not-for-profit corporations and public television or radio corporations. It also amends the tax law to allow these entities to claim the newspaper and broadcast media jobs tax credit. The credit is applicable to eligible businesses owned by the taxpayer or by an entity of which the taxpayer is a partner or shareholder. The changes take effect immediately.

Expands the definition of business entity to include not-for-profit corporations and public television or radio corporations, allowing them to claim.

This bill amends the economic development law to expand the definition of "business entity" to include not-for-profit corporations and public television or radio corporations. It also amends the tax law to allow these entities to claim the newspaper and broadcast media jobs tax credit. The credit is applicable to eligible businesses owned by the taxpayer or by an entity of which the taxpayer is a partner or shareholder. The changes take effect immediately.