Relates to the definition of business entity; and relates to the allowance and application of the newspaper and broadcast media jobs tax credit
Summary
Includes not-for-profit corporations and public television or radio corporations in the definition of business entity; allows such entities to claim the newspaper and broadcast media jobs tax credit.
Bill status
passed
3 of 5 stages cleared
Introduction
Mar 2025
Committee Review
Jun 2025
Senate Passage
Jun 2025
Assembly Passage
Governor
Introduced Mar 24, 2025
Last action Jun 5, 2025
Maddy AI version diff · 1 comparison
What changed between versions
S6756
→
S6756A
·
3 edits
MINOR
This bill amends the definition of 'business entity' to explicitly include not-for-profit corporations and public television or radio corporations, and clarifies that the definition is not limited to these entities. It also adjusts how tax credits are calculated for partnerships, limited liability companies, and subchapter S corporations, and maintains provisions for handling excess credits for non-profit and public media corporations.
Scope change
The bill's scope was expanded by adding 'not-for-profit corporation' and 'public television or radio corporation' to the definition of business entity, making these entities eligible under the same provisions as other business entities.
DEFINITION
Added 'not-for-profit corporation' and 'public television or radio corporation' to the definition of 'business entity' and changed the language from 'shall include' to 'shall include, but not be limited to' to make the definition more inclusive.
ELIGIBILITY
Added new co-sponsor Senator MAY to the bill and updated committee status to reflect that the bill was discharged from committee, amended, and recommitted.
TECHNICAL
Updated bill version number from S6756 to S6756-A to reflect amendments made during committee review.
Floor votes · Senate Jun 5, 2025
How they voted
43–17
Passed · 3 other
Total votes 63
Jun 5, 2025
D
Democratic41
92% Yea
R
Republican22
72% Nay
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
9
Key actions
3
Committee
2
Amendments
2
Jun 5, 2025
Committee
REFERRED TO ECONOMIC DEVELOPMENT
lower
Jun 5, 2025
Upper · Passed
PASSED SENATE
upper
Mar 25, 2025
Upper · Passed
PRINT NUMBER 6756A
upper
Mar 25, 2025
Upper · Passed
AMEND AND RECOMMIT TO COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS
upper
Mar 24, 2025
Committee
REFERRED TO COMMERCE, ECONOMIC DEVELOPMENT AND SMALL BUSINESS
upper
1 primary · 5 co-sponsors
Sponsors
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