Senate Bill S2119B

2019-2020 Legislative Session

Establishes the work opportunity tax credit for businesses with fifty employees or less for hiring a long term unemployed person

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Archive: Last Bill Status - In Senate Committee Budget And Revenue 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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Bill Amendments

2019-S2119 - Details

See Assembly Version of this Bill:
A8471
Current Committee:
Senate Budget And Revenue
Law Section:
Tax Law
Laws Affected:
Amd §§210-B, 606 & 1511, Tax L
Versions Introduced in Other Legislative Sessions:
2015-2016: S5573
2017-2018: S1517
2021-2022: S637, A5300
2023-2024: S5846, A5239

2019-S2119 - Summary

Establishes the work opportunity tax credit for businesses with fifty employees or less for hiring a long term unemployed person; a credit shall be allowed of up to $2,400; the total amount of credit provided statewide shall not exceed fifteen million dollars.

2019-S2119 - Sponsor Memo

2019-S2119 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2119
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                             January 22, 2019
                                ___________
 
 Introduced  by  Sen. SANDERS -- read twice and ordered printed, and when
   printed to be committed to the Committee on Budget and Revenue
 
 AN ACT to amend the tax law, in relation to establishing the work oppor-
   tunity tax credit
 
   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 53 to read as follows:
   53. WORK OPPORTUNITY TAX CREDIT. A TAXPAYER SHALL BE ALLOWED A CREDIT,
 AGAINST THE TAX IMPOSED BY THIS ARTICLE, OF TWO  THOUSAND  FOUR  HUNDRED
 DOLLARS  FOR  EACH  LONG  TERM  UNEMPLOYED PERSON HIRED DURING A TAXABLE
 YEAR. SUCH TAX CREDIT SHALL BE APPLICABLE ONLY TO  BUSINESSES  EMPLOYING
 FIFTY  OR FEWER EMPLOYEES. FOR THE PURPOSES OF THIS SUBDIVISION, A "LONG
 TERM UNEMPLOYED PERSON" SHALL BE AN INDIVIDUAL WHO HAS BEEN  A  RESIDENT
 OF  NEW YORK FOR THREE YEARS IMMEDIATELY PRECEDING HIRING AND WHO, PRIOR
 TO BEING HIRED BY THE  BUSINESS  ELIGIBLE  FOR  THE  CREDIT  ESTABLISHED
 PURSUANT  TO  THIS SUBDIVISION, HAD BEEN UNEMPLOYED AND RECEIVING PUBLIC
 ASSISTANCE FOR SIX CONSECUTIVE MONTHS OR MORE, AND IS RETAINED FOR FULL-
 TIME EMPLOYMENT BY SUCH BUSINESS FOR AT LEAST ONE YEAR.
   § 2. Subparagraph (B) of paragraph 1 of subsection (i) of section  606
 of  the  tax  law  is  amended  by adding a new clause (xliv) to read as
 follows:
 
 (XLIV) WORK OPPORTUNITY TAX CREDIT   AMOUNT OF CREDIT UNDER
 UNDER SUBSECTION (JJJ)               SUBDIVISION FIFTY-THREE OF
                                      SECTION TWO HUNDRED TEN-B
 
   § 3. Section 606 of the tax law is amended by adding a new  subsection
 (jjj) to read as follows:
   (JJJ) WORK OPPORTUNITY TAX CREDIT. A TAXPAYER SHALL BE ALLOWED A CRED-
 IT,  AGAINST  THE  TAX  IMPOSED  BY  THIS  ARTICLE, OF TWO THOUSAND FOUR

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

2019-S2119A - Details

See Assembly Version of this Bill:
A8471
Current Committee:
Senate Budget And Revenue
Law Section:
Tax Law
Laws Affected:
Amd §§210-B, 606 & 1511, Tax L
Versions Introduced in Other Legislative Sessions:
2015-2016: S5573
2017-2018: S1517
2021-2022: S637, A5300
2023-2024: S5846, A5239

2019-S2119A - Summary

Establishes the work opportunity tax credit for businesses with fifty employees or less for hiring a long term unemployed person; a credit shall be allowed of up to $2,400; the total amount of credit provided statewide shall not exceed fifteen million dollars.

2019-S2119A - Sponsor Memo

2019-S2119A - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  2119--A
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                             January 22, 2019
                                ___________
 
 Introduced  by  Sen. SANDERS -- read twice and ordered printed, and when
   printed to be committed to the Committee  on  Budget  and  Revenue  --
   committee  discharged,  bill amended, ordered reprinted as amended and
   recommitted to said committee
 
 AN ACT to amend the tax law, in relation to establishing the work oppor-
   tunity tax credit

   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 54 to read as follows:
   54. WORK OPPORTUNITY TAX CREDIT. A TAXPAYER SHALL BE ALLOWED A CREDIT,
 AGAINST THE TAX IMPOSED BY THIS ARTICLE, OF TWO  THOUSAND  FOUR  HUNDRED
 DOLLARS  FOR  EACH  LONG  TERM  UNEMPLOYED PERSON HIRED DURING A TAXABLE
 YEAR. SUCH TAX CREDIT SHALL BE APPLICABLE ONLY TO  BUSINESSES  EMPLOYING
 FIFTY  OR FEWER EMPLOYEES. FOR THE PURPOSES OF THIS SUBDIVISION, A "LONG
 TERM UNEMPLOYED PERSON" SHALL BE AN INDIVIDUAL WHO HAS BEEN  A  RESIDENT
 OF  NEW YORK FOR THREE YEARS IMMEDIATELY PRECEDING HIRING AND WHO, PRIOR
 TO BEING HIRED BY THE  BUSINESS  ELIGIBLE  FOR  THE  CREDIT  ESTABLISHED
 PURSUANT  TO  THIS SUBDIVISION, HAD BEEN UNEMPLOYED AND RECEIVING PUBLIC
 ASSISTANCE FOR SIX CONSECUTIVE MONTHS OR MORE, AND IS RETAINED FOR FULL-
 TIME EMPLOYMENT BY SUCH BUSINESS FOR AT LEAST ONE YEAR. THE TOTAL AMOUNT
 OF CREDIT TO BE PROVIDED STATEWIDE  SHALL  NOT  EXCEED  FIFTEEN  MILLION
 DOLLARS IN A TAXABLE YEAR.
   §  2. Subparagraph (B) of paragraph 1 of subsection (i) of section 606
 of the tax law is amended by adding  a  new  clause  (xlv)  to  read  as
 follows:
 
 (XLV) WORK OPPORTUNITY TAX CREDIT    AMOUNT OF CREDIT UNDER
 UNDER SUBSECTION (KKK)               SUBDIVISION FIFTY-FOUR OF
                                      SECTION TWO HUNDRED TEN-B

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD05841-02-9
              

co-Sponsors

2019-S2119B (ACTIVE) - Details

See Assembly Version of this Bill:
A8471
Current Committee:
Senate Budget And Revenue
Law Section:
Tax Law
Laws Affected:
Amd §§210-B, 606 & 1511, Tax L
Versions Introduced in Other Legislative Sessions:
2015-2016: S5573
2017-2018: S1517
2021-2022: S637, A5300
2023-2024: S5846, A5239

2019-S2119B (ACTIVE) - Summary

Establishes the work opportunity tax credit for businesses with fifty employees or less for hiring a long term unemployed person; a credit shall be allowed of up to $2,400; the total amount of credit provided statewide shall not exceed fifteen million dollars.

2019-S2119B (ACTIVE) - Sponsor Memo

2019-S2119B (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  2119--B
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                             January 22, 2019
                                ___________
 
 Introduced  by  Sen. SANDERS -- read twice and ordered printed, and when
   printed to be committed to the Committee  on  Budget  and  Revenue  --
   committee  discharged,  bill amended, ordered reprinted as amended and
   recommitted to said committee -- reported favorably from said  commit-
   tee and committed to the Committee on Finance -- committee discharged,
   bill  amended,  ordered  reprinted  as amended and recommitted to said
   committee
 
 AN ACT to amend the tax law, in relation to establishing the work oppor-
   tunity tax credit
 
   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 54 to read as follows:
   54. WORK OPPORTUNITY TAX CREDIT. (A) ALLOWANCE OF CREDIT.  A  TAXPAYER
 SHALL  BE  ALLOWED A CREDIT, AGAINST THE TAX IMPOSED BY THIS ARTICLE, OF
 TWO THOUSAND FOUR HUNDRED DOLLARS FOR EACH LONG TERM  UNEMPLOYED  PERSON
 HIRED DURING A TAXABLE YEAR. SUCH TAX CREDIT SHALL BE APPLICABLE ONLY TO
 BUSINESSES  EMPLOYING FIFTY OR FEWER EMPLOYEES. FOR THE PURPOSES OF THIS
 SUBDIVISION, A "LONG TERM UNEMPLOYED PERSON" SHALL BE AN INDIVIDUAL  WHO
 HAS  BEEN  A  RESIDENT OF NEW YORK FOR THREE YEARS IMMEDIATELY PRECEDING
 HIRING AND WHO, PRIOR TO BEING HIRED BY THE BUSINESS  ELIGIBLE  FOR  THE
 CREDIT ESTABLISHED PURSUANT TO THIS SUBDIVISION, HAD BEEN UNEMPLOYED AND
 RECEIVING  PUBLIC  ASSISTANCE FOR SIX CONSECUTIVE MONTHS OR MORE, AND IS
 RETAINED FOR FULL-TIME EMPLOYMENT BY SUCH  BUSINESS  FOR  AT  LEAST  ONE
 YEAR.
   (B)  APPLICATION  OF CREDIT. THE CREDIT ALLOWED UNDER THIS SUBDIVISION
 FOR ANY TAXABLE YEAR SHALL NOT REDUCE THE TAX DUE FOR SUCH YEAR TO  LESS
 THAN  THE  FIXED  DOLLAR  MINIMUM  AMOUNT PRESCRIBED IN PARAGRAPH (D) OF
 SUBDIVISION ONE OF SECTION TWO HUNDRED TEN OF THIS ARTICLE. HOWEVER,  IF
 THE AMOUNT OF CREDIT ALLOWED UNDER THIS SUBDIVISION FOR ANY TAXABLE YEAR
 REDUCES  THE  TAX  TO  SUCH AMOUNT OR IF THE TAXPAYER OTHERWISE PAYS TAX
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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