NY Bill Proposes Tax Credit for Open Source Developers
NewYorkCountryLawyer writes "Assemblymen
Jonathan Bing and Micah Kellner, along with a number of co-sponsors,
have introduced proposed legislation in New York State which would
grant a tax credit to individuals acting as volunteers who develop open source programs.
The idea of the credit is to ensure that volunteer developers, who
could not otherwise deduct their expenses because they are not part of
a 'business', should nevertheless be able to receive a tax benefit for
their contribution. The credit would be for 20% of the expenses
incurred, up to $200. The preamble to the bill
notes that the New York State Assembly itself currently uses 'Open
Source programs such as Mozilla for email, Firefox for web browsing,
and WebCal for electronic calendars', and that these programs have led
to significant cost savings to taxpayers. The preamble also cited a
2006 report authored by John Irons and Carl Malamud from the Center for
American Progress detailing how Open Source software enhances a broader
dissemination of knowledge and ideas."
::::::::NOTE IMPORTANT:::::::::: There has been some confusion as to the time. I believe this is because the United States uses Daylight Savings Time. On top of this the Government recently extended the dates that EDT (eastern daylight time) would run. So to be sure that you make it at 9am Eastern, I have this link:
That shows the time in New York City at the moment of viewing. It also explains the current UTC offset for the Eastern Zone in the United States. Simply compare the current time that site states, with your current time and you will know how far off we are from you.
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We're there all of the time, even when we do not have a meeting. Stop on by for Open Cobol Support and chat.
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[open-cobol-list] New York State suggesting tax break for FOSS Developers,
Joseph James Frantz (Aoirthoir)<=