S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7126
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              April 10, 2017
                                ___________
 
 Introduced  by  M.  of  A. SCHIMMINGER -- Multi-Sponsored by -- M. of A.
   GALEF, KOLB, MAGEE -- read once and referred to the Committee on  Ways
   and Means
 
 AN  ACT  to amend the tax law, in relation to providing for a tax credit
   for certain training or retraining expenses  incurred  by  a  taxpayer
   subject to the provisions of article 9-A of such law

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 1 of section 210-B of the tax law is amended by
 adding a new paragraph (g) to read as follows:
   (G) IN ADDITION TO THE CREDIT ALLOWED BY PARAGRAPH (A) OF THIS  SUBDI-
 VISION,  FOR  TAXABLE  YEARS  BEGINNING AFTER DECEMBER THIRTY-FIRST, TWO
 THOUSAND EIGHTEEN, THERE SHALL BE ALLOWED A CREDIT IN AN AMOUNT EQUAL TO
 FIVE PERCENT OF THE EXPENDITURES PAID OR  INCURRED  BY  A  TAXPAYER  FOR
 TRAINING  OR  RETRAINING  OF  EMPLOYEES  IF SUCH TRAINING WAS GIVEN BY A
 TAXPAYER IN AN ELIGIBLE BUSINESS FACILITY. THE COMMISSIONER, IN  CONSUL-
 TATION  WITH  THE  DEPARTMENT OF LABOR, SHALL PROMULGATE RULES AND REGU-
 LATIONS TO DETERMINE AND IDENTIFY ELIGIBLE TRAINING PROGRAMS PURSUANT TO
 THIS PARAGRAPH.
   § 2. This act shall take effect immediately.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD00631-01-7