NY State Senate Bill 2015-S4548A

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

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	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 27, 2016	print number 4548a
Jan 27, 2016	amend and recommit to investigations and government operations
Jan 06, 2016	referred to investigations and government operations
Mar 27, 2015	referred to investigations and government operations

Bill Amendments

Original

A (Active)

2015-S4548 - Details

See Assembly Version of this Bill:: A391
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:: 2011-2012: A10155
2013-2014: A1800
2017-2018: S3252, A2627
2019-2020: S4708
2021-2022: S5282

2015-S4548 - Summary

Establishes a small business tax credit for the employment of unemployed veterans.

2015-S4548 - Sponsor Memo

                                BILL NUMBER:S4548

TITLE OF BILL:

An act to amend the tax law, in relation to establishing a small
business tax credit for the employment of unemployed veterans

PURPOSE:

Offer incentives to small businesses to hire and retain employment of
unemployed veterans.

SUMMARY OF PROVISIONS:

Section 1: Subdivision 49 is amended to section 210 of the Tax law, to
establish a five thousand dollar to twenty-five thousand dollar tax
credit for the hiring and retaining of unemployed veterans for a
minimum thirty-five hours per week, minimum one year employment
period.

Section 2: Clause (xli) is added to section 606 of the Tax law, to
identify legislative intent of the bill found within subdivision 45 of
section 210 of the Tax law.

Section 3: Subsection (ccc) is amended to section 606 of the Tax law,
to establish a five thousand dollar to twenty-five thousand dollar tax

credit for the hiring and retaining of unemployed veterans for a
minimum thirty-five hours per week, minimum one year employment
period,

JUSTIFICATION:

Returning veterans often experience greater challenges in searching
and obtaining quality employment. Traits learned in serving our
country are more often times than not applicable to offered positions
of employment. Factor in the general myth human resources departments
exponentially forgo interviewing candidates unemployable for six
months or more. The odds are unfortunately staked against these
veterans seeking quality employment.

In March 2011, the Department of Labor determined in a report that the
national unemployment rate among eighteen to twenty-four year-old
veterans is 21%, which is 4 1/2% higher than, unemployment of
non-veterans in the same age range. Additionally, over 15% of veterans
who have served post September 11, 2001 are unemployed, equating to a
2 1/2% increase from 2010.

As it is our moral obligation to thank our veterans for their service
to our great country, it is our intent to stimulate employment of
their services through the legislative authorization of a small
business tax credit for businesses that hire veterans for a minimum
thirty-five hours

LEGISLATIVE HISTORY:

2015: A.391 - Referred to Ways and Mean


2013-14: A.1800 - Referred to Ways and Means

FISCAL IMPLICATIONS:

To be determined

EFFECTIVE DATE:

This act shall take effect immediately and shall apply to taxable
years beginning on or after January 1, 2015

2015-S4548 - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  4548

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                             March 27, 2015
                               ___________

Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment Operations

AN ACT to amend the tax law, in relation to establishing a  small  busi-
  ness tax credit for the employment of unemployed veterans

  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.  SMALL  BUSINESS  TAX CREDIT; UNEMPLOYED VETERANS.  (A) GENERAL. A
TAXPAYER WHO HAS ONE HUNDRED EMPLOYEES OR LESS, SHALL BE ALLOWED A CRED-
IT, TO BE COMPUTED AS PROVIDED IN  THIS  SUBDIVISION,  AGAINST  THE  TAX
IMPOSED BY THIS ARTICLE FOR EACH UNEMPLOYED VETERAN HIRED DURING A TAXA-
BLE  YEAR, PROVIDED THAT SUCH UNEMPLOYED VETERAN IS EMPLOYED FOR THIRTY-
FIVE HOURS OR MORE PER WEEK AND REMAINS IN THE EMPLOY OF  SUCH  TAXPAYER
FOR TWELVE MONTHS OR MORE.
  (B)  AMOUNT OF CREDIT. A CREDIT AUTHORIZED BY THIS SECTION SHALL EQUAL
FIVE THOUSAND DOLLARS PER HIRED UNEMPLOYED VETERAN BUT SHALL NOT  EXCEED
TWENTY-FIVE THOUSAND DOLLARS.
  (C)  CARRYOVERS.  THE  CREDIT  ALLOWED  UNDER  THIS SUBDIVISION MAY BE
CLAIMED AND IF NOT FULLY USED IN THE INITIAL YEAR FOR WHICH  THE  CREDIT
IS CLAIMED MAY BE CARRIED OVER, IN ORDER, TO EACH OF THE FIVE SUCCEEDING
TAXABLE YEARS. THE CREDIT AUTHORIZED BY THIS SUBDIVISION MAY NOT BE USED
TO REDUCE THE TAX LIABILITY OF THE CREDIT CLAIMANT BELOW ZERO.
  (D) DEFINITIONS. AS USED IN THIS SUBDIVISION, THE TERM "VETERAN" SHALL
MEAN  A  PERSON WHO SERVED IN THE ACTIVE MILITARY, NAVAL, OR AIR SERVICE
DURING A PERIOD OF WAR, OR WHO WAS  A  RECIPIENT  OF  THE  ARMED  FORCES
EXPEDITIONARY  MEDAL, NAVY EXPEDITIONARY MEDAL, MARINE CORPS EXPEDITION-
ARY MEDAL, OR GLOBAL WAR ON TERRORISM EXPEDITIONARY MEDAL, AND  WHO  WAS
DISCHARGED OR RELEASED THEREFROM UNDER HONORABLE CONDITIONS.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00601-01-5

S. 4548                             2

  S  2. Subparagraph (B) of paragraph 1 of subsection (i) of section 606
of the tax law is amended by adding  a  new  clause  (xli)  to  read  as
follows:
(XLI) SMALL BUSINESS TAX CREDIT;     COSTS UNDER SUBDIVISION
UNEMPLOYED VETERAN                   FORTY-NINE OF SECTION
UNDER SUBSECTION (CCC)               TWO HUNDRED TEN-B
  S 3.  Section 606 of the tax law is amended by adding a new subsection
(ccc) to read as follows:
  (CCC)  SMALL  BUSINESS TAX CREDIT; UNEMPLOYED VETERANS. (1) GENERAL. A
TAXPAYER WHO HAS ONE HUNDRED EMPLOYEES OR LESS, SHALL BE ALLOWED A CRED-
IT, TO BE COMPUTED AS PROVIDED  IN  THIS  SUBSECTION,  AGAINST  THE  TAX
IMPOSED BY THIS ARTICLE FOR EACH UNEMPLOYED VETERAN HIRED DURING A TAXA-
BLE  YEAR, PROVIDED THAT SUCH UNEMPLOYED VETERAN IS EMPLOYED FOR THIRTY-
FIVE HOURS OR MORE PER WEEK AND REMAINS IN THE EMPLOY OF  SUCH  TAXPAYER
FOR TWELVE MONTHS OR MORE.
  (2)  AMOUNT OF CREDIT. A CREDIT AUTHORIZED BY THIS SECTION SHALL EQUAL
FIVE THOUSAND DOLLARS PER HIRED UNEMPLOYED VETERAN BUT SHALL NOT  EXCEED
TWENTY-FIVE THOUSAND DOLLARS.
  (3)  CARRYOVERS.  THE  CREDIT  ALLOWED  UNDER  THIS  SUBSECTION MAY BE
CLAIMED AND IF NOT FULLY USED IN THE INITIAL YEAR FOR WHICH  THE  CREDIT
IS CLAIMED MAY BE CARRIED OVER, IN ORDER, TO EACH OF THE FIVE SUCCEEDING
TAXABLE  YEARS. THE CREDIT AUTHORIZED BY THIS SUBSECTION MAY NOT BE USED
TO REDUCE THE TAX LIABILITY OF THE CREDIT CLAIMANT BELOW ZERO.
  (4) DEFINITIONS. AS USED IN THIS SUBSECTION, THE TERM "VETERAN"  SHALL
MEAN  A  PERSON WHO SERVED IN THE ACTIVE MILITARY, NAVAL, OR AIR SERVICE
DURING A PERIOD OF WAR, OR WHO WAS  A  RECIPIENT  OF  THE  ARMED  FORCES
EXPEDITIONARY  MEDAL, NAVY EXPEDITIONARY MEDAL, MARINE CORPS EXPEDITION-
ARY MEDAL, OR GLOBAL WAR ON TERRORISM EXPEDITIONARY MEDAL, AND  WHO  WAS
DISCHARGED OR RELEASED THEREFROM UNDER HONORABLE CONDITIONS.
  S 4. This act shall take effect immediately and shall apply to taxable
years beginning on or after January 1, 2015.

2015-S4548A (ACTIVE) - Details

See Assembly Version of this Bill:: A391
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:: 2011-2012: A10155
2013-2014: A1800
2017-2018: S3252, A2627
2019-2020: S4708
2021-2022: S5282

2015-S4548A (ACTIVE) - Summary

Establishes a small business tax credit for the employment of unemployed veterans.

2015-S4548A (ACTIVE) - Sponsor Memo

                                 BILL NUMBER:  S4548A

 TITLE OF BILL :

An act to amend the tax law, in relation to establishing a small
business tax credit for the employment of unemployed veterans

 PURPOSE :

Offer incentives to small businesses to hire and retain employment of
unemployed veterans.

 SUMMARY OF PROVISIONS :

Section 1: Subdivision 49 is amended to section 210 of the Tax law, to
establish a five thousand dollar to twenty-five thousand dollar tax
credit for the hiring and retaining of unemployed veterans for a
minimum thirty-five hours per week, minimum one year employment
period.

Section 2: Clause (xli) is added to section 606 of the Tax law, to
identify legislative intent of the bill found within subdivision 45 of
section 210 of the Tax law.

Section 3: Subsection (ccc) is amended to section 606 of the Tax law,
to establish a five thousand dollar to twenty-five thousand dollar tax

credit for the hiring and retaining of unemployed veterans for a
minimum thirty-five hours per week, minimum one year employment
period,

 JUSTIFICATION :

Returning veterans often experience greater challenges in searching
and obtaining quality employment. Traits learned in serving our
country are more often times than not applicable to offered positions
of employment. Factor in the general myth human resources departments
exponentially forgo interviewing candidates unemployable for six
months or more. The odds are unfortunately staked against these
veterans seeking quality employment.

In March 2011, the Department of Labor determined in a report that the
national unemployment rate among eighteen to twenty-four year-old
veterans is 21%, which is 4 1/2% higher than, unemployment of
non-veterans in the same age range. Additionally, over 15% of veterans
who have served post September 11, 2001 are unemployed, equating to a
2 1/2% increase from 2010.

As it is our moral obligation to thank our veterans for their service
to our great country, it is our intent to stimulate employment of
their services through the legislative authorization of a small
business tax credit for businesses that hire veterans for a minimum
thirty-five hours

 LEGISLATIVE HISTORY :

2015: A.391 - Referred to Ways and Mean
2013-14: A.1800 - Referred to Ways and Means

 FISCAL IMPLICATIONS :

To be determined

 EFFECTIVE DATE :
This act shall take effect immediately and shall apply to taxable
years beginning on or after January 1, 2016.

2015-S4548A (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 4548--A

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                             March 27, 2015
                               ___________

Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment Operations -- recommitted to the Committee on Investigations  and
  Government  Operations  in  accordance  with  Senate Rule 6, sec. 8 --
  committee discharged, bill amended, ordered reprinted as  amended  and
  recommitted to said committee

AN  ACT  to amend the tax law, in relation to establishing a small busi-
  ness tax credit for the employment of unemployed veterans

  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. SMALL BUSINESS TAX CREDIT; UNEMPLOYED VETERANS.   (A)  GENERAL.  A
TAXPAYER WHO HAS ONE HUNDRED EMPLOYEES OR LESS, SHALL BE ALLOWED A CRED-
IT,  TO  BE  COMPUTED  AS  PROVIDED IN THIS SUBDIVISION, AGAINST THE TAX
IMPOSED BY THIS ARTICLE FOR EACH UNEMPLOYED VETERAN HIRED DURING A TAXA-
BLE YEAR, PROVIDED THAT SUCH UNEMPLOYED VETERAN IS EMPLOYED FOR  THIRTY-
FIVE  HOURS  OR MORE PER WEEK AND REMAINS IN THE EMPLOY OF SUCH TAXPAYER
FOR TWELVE MONTHS OR MORE.
  (B) AMOUNT OF CREDIT. A CREDIT AUTHORIZED BY THIS SECTION SHALL  EQUAL
FIVE  THOUSAND DOLLARS PER HIRED UNEMPLOYED VETERAN BUT SHALL NOT EXCEED
TWENTY-FIVE THOUSAND DOLLARS.
  (C) CARRYOVERS. THE CREDIT  ALLOWED  UNDER  THIS  SUBDIVISION  MAY  BE
CLAIMED  AND  IF NOT FULLY USED IN THE INITIAL YEAR FOR WHICH THE CREDIT
IS CLAIMED MAY BE CARRIED OVER, IN ORDER, TO EACH OF THE FIVE SUCCEEDING
TAXABLE YEARS. THE CREDIT AUTHORIZED BY THIS SUBDIVISION MAY NOT BE USED
TO REDUCE THE TAX LIABILITY OF THE CREDIT CLAIMANT BELOW ZERO.
  (D) DEFINITIONS. AS USED IN THIS SUBDIVISION, THE TERM "VETERAN" SHALL
MEAN A PERSON WHO SERVED IN THE ACTIVE MILITARY, NAVAL, OR  AIR  SERVICE
DURING  A  PERIOD  OF  WAR,  OR  WHO WAS A RECIPIENT OF THE ARMED FORCES
EXPEDITIONARY MEDAL, NAVY EXPEDITIONARY MEDAL, MARINE CORPS  EXPEDITION-

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00601-02-6

S. 4548--A                          2

ARY  MEDAL,  OR GLOBAL WAR ON TERRORISM EXPEDITIONARY MEDAL, AND WHO WAS
DISCHARGED OR RELEASED THEREFROM UNDER HONORABLE CONDITIONS.
  S  2. Subparagraph (B) of paragraph 1 of subsection (i) of section 606
of the tax law is amended by adding  a  new  clause  (xli)  to  read  as
follows:
(XLI) SMALL BUSINESS TAX CREDIT;     COSTS UNDER SUBDIVISION
UNEMPLOYED VETERAN                   FORTY-NINE OF SECTION
UNDER SUBSECTION (CCC)               TWO HUNDRED TEN-B
  S 3.  Section 606 of the tax law is amended by adding a new subsection
(ccc) to read as follows:
  (CCC)  SMALL  BUSINESS TAX CREDIT; UNEMPLOYED VETERANS. (1) GENERAL. A
TAXPAYER WHO HAS ONE HUNDRED EMPLOYEES OR LESS, SHALL BE ALLOWED A CRED-
IT, TO BE COMPUTED AS PROVIDED  IN  THIS  SUBSECTION,  AGAINST  THE  TAX
IMPOSED BY THIS ARTICLE FOR EACH UNEMPLOYED VETERAN HIRED DURING A TAXA-
BLE  YEAR, PROVIDED THAT SUCH UNEMPLOYED VETERAN IS EMPLOYED FOR THIRTY-
FIVE HOURS OR MORE PER WEEK AND REMAINS IN THE EMPLOY OF  SUCH  TAXPAYER
FOR TWELVE MONTHS OR MORE.
  (2)  AMOUNT OF CREDIT. A CREDIT AUTHORIZED BY THIS SECTION SHALL EQUAL
FIVE THOUSAND DOLLARS PER HIRED UNEMPLOYED VETERAN BUT SHALL NOT  EXCEED
TWENTY-FIVE THOUSAND DOLLARS.
  (3)  CARRYOVERS.  THE  CREDIT  ALLOWED  UNDER  THIS  SUBSECTION MAY BE
CLAIMED AND IF NOT FULLY USED IN THE INITIAL YEAR FOR WHICH  THE  CREDIT
IS CLAIMED MAY BE CARRIED OVER, IN ORDER, TO EACH OF THE FIVE SUCCEEDING
TAXABLE  YEARS. THE CREDIT AUTHORIZED BY THIS SUBSECTION MAY NOT BE USED
TO REDUCE THE TAX LIABILITY OF THE CREDIT CLAIMANT BELOW ZERO.
  (4) DEFINITIONS. AS USED IN THIS SUBSECTION, THE TERM "VETERAN"  SHALL
MEAN  A  PERSON WHO SERVED IN THE ACTIVE MILITARY, NAVAL, OR AIR SERVICE
DURING A PERIOD OF WAR, OR WHO WAS  A  RECIPIENT  OF  THE  ARMED  FORCES
EXPEDITIONARY  MEDAL, NAVY EXPEDITIONARY MEDAL, MARINE CORPS EXPEDITION-
ARY MEDAL, OR GLOBAL WAR ON TERRORISM EXPEDITIONARY MEDAL, AND  WHO  WAS
DISCHARGED OR RELEASED THEREFROM UNDER HONORABLE CONDITIONS.
  S 4. This act shall take effect immediately and shall apply to taxable
years beginning on or after January 1, 2016.

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Senate Bill S4548A

Sponsored By

Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee

Bill Amendments

2015-S4548 - Details

2015-S4548 - Summary

2015-S4548 - Sponsor Memo

2015-S4548 - Bill Text download pdf

2015-S4548A (ACTIVE) - Details

2015-S4548A (ACTIVE) - Summary

2015-S4548A (ACTIVE) - Sponsor Memo

2015-S4548A (ACTIVE) - Bill Text download pdf

Comments

Senate Bill S4548A

Share this bill

Sponsored By

Kevin S. Parker

Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee

Bill Amendments

2015-S4548 - Details

2015-S4548 - Summary

2015-S4548 - Sponsor Memo

2015-S4548 - Bill Text download pdf

2015-S4548A (ACTIVE) - Details

2015-S4548A (ACTIVE) - Summary

2015-S4548A (ACTIVE) - Sponsor Memo

2015-S4548A (ACTIVE) - Bill Text download pdf

Comments