Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2016 |
referred to investigations and government operations returned to senate died in assembly |
May 28, 2015 |
referred to labor delivered to assembly passed senate |
May 27, 2015 |
ordered to third reading cal.994 committee discharged and committed to rules |
Feb 17, 2015 |
referred to investigations and government operations |
Senate Bill S3701
2015-2016 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
co-Sponsors
(R, C, IP) Senate District
2015-S3701 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A6538
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §§210-B & 606, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S5264
2011-2012: S3999, A10121
2013-2014: S2117, A806
2017-2018: S3783, A6133
2019-2020: S4857, A6394
2021-2022: S5141
2023-2024: S4841
2015-S3701 (ACTIVE) - Sponsor Memo
BILL NUMBER:S3701 TITLE OF BILL: An act to amend the tax law, in relation to a jobs development incentive income tax credit available to employers who employ individuals previously receiving unemployment benefits PURPOSE: This bill would give incentives, through income tax credits, to businesses who hire individuals currently receiving unemployment benefits. SUMMARY OF SPECIFIC PROVISIONS: SECTION 1- amends Tax Law Section 210 relating to franchise taxes on business corporations, to add a new subdivision 49 granting an employment incentive tax credit. The credit is in the amount of $2,400 for each creditable employee, as defined in the section. SECTION 2 - amends Tax Law Section 606, relating to personal income taxes, by adding a new subsection (ccc) granting an employee incentive tax credit in the amount of $2,400 per creditable employee, as defined in the section.
2015-S3701 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3701 2015-2016 Regular Sessions I N S E N A T E February 17, 2015 ___________ Introduced by Sen. RANZENHOFER -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations AN ACT to amend the tax law, in relation to a jobs development incentive income tax credit available to employers who employ individuals previ- ously receiving unemployment benefits THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 210-B of the tax law is amended by adding a new subdivision 49 to read as follows: 49. JOBS DEVELOPMENT INCENTIVE TAX CREDIT. (A) A TAXPAYER SHALL BE ALLOWED A CREDIT, TO BE COMPUTED AS HEREINAFTER PROVIDED, AGAINST THE TAX IMPOSED BY THIS ARTICLE IN THE AMOUNT PRESCRIBED BY THIS SUBDIVISION WHERE SUCH TAXPAYER EMPLOYS ONE OR MORE CREDITABLE EMPLOYEE. (B) THE AMOUNT OF THE CREDIT SHALL BE TWO THOUSAND FOUR HUNDRED DOLLARS FOR EACH CREDITABLE EMPLOYEE. (C) FOR THE PURPOSES OF THIS SUBDIVISION, "CREDITABLE EMPLOYEE" SHALL MEAN A NEW EMPLOYEE OF AN EMPLOYER WHO: (I) IS EMPLOYED BY THE EMPLOYER FOR THE FIRST TIME ON OR AFTER THE EFFECTIVE DATE OF THIS SUBDIVISION; (II) HAS FILED A CLAIM FOR UNEMPLOYMENT COMPENSATION IN THIS STATE; (III) HAS RECEIVED UNEMPLOYMENT BENEFITS IN THIS STATE FOR AT LEAST TWO MONTHS; (IV) IS CURRENTLY RECEIVING UNEMPLOYMENT COMPENSATION BENEFITS AS OF THE DATE OF EMPLOYMENT; AND (V) SUCH BENEFITS ARE CHARGEABLE TO THE EXPERIENCE RATING ACCOUNT OF AN EMPLOYER UNDER THIS ARTICLE; OR (VI) HAS SUCCESSFULLY COMPLETED A TRAINING PROGRAM PURSUANT TO SECTION FIVE HUNDRED NINETY-NINE OF THE LABOR LAW; AND (VII) PERFORMS SERVICES IN ACCORDANCE WITH SUBDIVISION ONE, TWO OR FOUR OF SECTION FIVE HUNDRED ELEVEN OF THE LABOR LAW; EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05610-01-5
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