Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 08, 2020 |
referred to budget and revenue |
Apr 18, 2019 |
print number 3883c |
Apr 18, 2019 |
amend and recommit to budget and revenue |
Mar 22, 2019 |
print number 3883b |
Mar 22, 2019 |
amend and recommit to budget and revenue |
Mar 07, 2019 |
print number 3883a |
Mar 07, 2019 |
amend and recommit to budget and revenue |
Feb 20, 2019 |
referred to budget and revenue |
Senate Bill S3883C
2019-2020 Legislative Session
Sponsored By
(D) 11th Senate District
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
Actions
Bill Amendments
co-Sponsors
(D) 32nd Senate District
2019-S3883 - Details
2019-S3883 - Sponsor Memo
BILL NUMBER: S3883 SPONSOR: STAVISKY TITLE OF BILL: An act to amend the tax law, in relation to establish- ing a small business tax credit for the employment of persons sixty-five years of age or older PURPOSE: To stimulate employment of persons sixty-five or older who face unprecedented challenges in reentering the workforce or continuing employment. SUMMARY OF PROVISIONS: Section 1: Amendment to section 210-B of the tax law is amended by adding a new subdivision 49. Provides for a business tax credit for the employer in regard to employ- ment of persons age sixty-five or older for the duration of twelve months or more, and for thirty-five hours or more per week. Tax credit
2019-S3883 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3883 2019-2020 Regular Sessions I N S E N A T E February 20, 2019 ___________ Introduced by Sens. STAVISKY, SEPULVEDA -- read twice and ordered print- ed, and when printed to be committed to the Committee on Budget and Revenue AN ACT to amend the tax law, in relation to establishing a small busi- ness tax credit for the employment of persons sixty-five years of age or older 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. SMALL BUSINESS TAX CREDIT; PERSONS AGE SIXTY-FIVE OR OLDER. (A) GENERAL. A TAXPAYER WHO HAS ONE HUNDRED EMPLOYEES OR LESS, SHALL BE ALLOWED A CREDIT, TO BE COMPUTED AS PROVIDED IN THIS SUBDIVISION, AGAINST THE TAX IMPOSED BY THIS ARTICLE FOR EACH PERSON AGE SIXTY-FIVE OR OLDER HIRED DURING A TAXABLE YEAR, PROVIDED THAT SUCH PERSON AGE SIXTY-FIVE OR OLDER 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 PERSON AGE SIXTY-FIVE OR OLDER 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. § 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) SMALL BUSINESS TAX CREDIT; COSTS UNDER SUBDIVISION PERSONS SIXTY-FIVE YEARS OF AGE OR FIFTY-THREE OF SECTION OLDER UNDER SUBSECTION (JJJ) TWO HUNDRED TEN-B EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
(D) 32nd Senate District
2019-S3883A - Details
2019-S3883A - Sponsor Memo
BILL NUMBER: S3883A SPONSOR: STAVISKY TITLE OF BILL: An act to amend the tax law, in relation to establish- ing a small business tax credit for the employment of persons sixty-five years of age or older PURPOSE: To stimulate employment of persons sixty-five or older who face unprecedented challenges in reentering the workforce or continuing employment. SUMMARY OF PROVISIONS: Section 1: Amendment to section 210-B of the tax law is amended by adding a new subdivision 49. Provides for a business tax credit for the employer in regard to employ- ment of persons age sixty-five or older for the duration of twelve months or more, and for thirty-five hours or more per week. Tax credit
2019-S3883A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3883--A 2019-2020 Regular Sessions I N S E N A T E February 20, 2019 ___________ Introduced by Sens. STAVISKY, SEPULVEDA -- read twice and ordered print- ed, 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 a small busi- ness tax credit for the employment of persons sixty-five years of age or older 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. SMALL BUSINESS TAX CREDIT; PERSONS AGE SIXTY-FIVE OR OLDER. (A) GENERAL. A TAXPAYER WHO HAS ONE HUNDRED EMPLOYEES OR LESS, SHALL BE ALLOWED A CREDIT, TO BE COMPUTED AS PROVIDED IN THIS SUBDIVISION, AGAINST THE TAX IMPOSED BY THIS ARTICLE FOR EACH PERSON AGE SIXTY-FIVE OR OLDER HIRED DURING A TAXABLE YEAR, PROVIDED THAT SUCH PERSON AGE SIXTY-FIVE OR OLDER IS EMPLOYED FOR THIRTY-FIVE HOURS OR MORE PER WEEK, EARNS LESS THAN ONE HUNDRED THOUSAND DOLLARS ANNUALLY, 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 TWO THOUSAND FIVE HUNDRED DOLLARS PER HIRED PERSON AGE SIXTY-FIVE OR OLDER BUT SHALL NOT EXCEED TEN MILLION DOLLARS ANNUALLY. (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. § 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: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02681-02-9
co-Sponsors
(D) 32nd Senate District
2019-S3883B - Details
2019-S3883B - Sponsor Memo
BILL NUMBER: S3883B SPONSOR: STAVISKY TITLE OF BILL: An act to amend the tax law, in relation to establish- ing a small business tax credit for the employment of persons sixty-five years of age or older PURPOSE: To stimulate employment of persons sixty-five or older who face unprecedented challenges in reentering the workforce or continuing employment. SUMMARY OF PROVISIONS: Section 1: Amendment to section 210-B of the tax law is amended by adding a new subdivision 49. Provides for a business tax credit for the employer in regard to employ- ment of persons age sixty-five or older for the duration of twelve months or more, and for thirty-five hours or more per week. Tax credit range will range between five thousand to twenty-five thousand dollars.
2019-S3883B - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3883--B 2019-2020 Regular Sessions I N S E N A T E February 20, 2019 ___________ Introduced by Sens. STAVISKY, SEPULVEDA -- read twice and ordered print- ed, 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 -- 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 persons sixty-five years of age or older 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. SMALL BUSINESS TAX CREDIT; PERSONS AGE SIXTY-FIVE OR OLDER. (A) GENERAL. A TAXPAYER WHO HAS ONE HUNDRED EMPLOYEES OR LESS, SHALL BE ALLOWED A CREDIT, TO BE COMPUTED AS PROVIDED IN THIS SUBDIVISION, AGAINST THE TAX IMPOSED BY THIS ARTICLE FOR EACH PERSON AGE SIXTY-FIVE OR OLDER HIRED DURING A TAXABLE YEAR, PROVIDED THAT SUCH PERSON AGE SIXTY-FIVE OR OLDER IS EMPLOYED FOR THIRTY-FIVE HOURS OR MORE PER WEEK, EARNS LESS THAN SEVENTY-FIVE THOUSAND DOLLARS ANNUALLY, 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 TWO THOUSAND FIVE HUNDRED DOLLARS PER HIRED PERSON AGE SIXTY-FIVE OR OLDER BUT SHALL NOT EXCEED TEN MILLION DOLLARS ANNUALLY. (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. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02681-04-9
co-Sponsors
(D) 32nd Senate District
2019-S3883C (ACTIVE) - Details
2019-S3883C (ACTIVE) - Sponsor Memo
BILL NUMBER: S3883C SPONSOR: STAVISKY TITLE OF BILL: An act to amend the tax law, in relation to establish- ing a small business tax credit for the employment of persons sixty-five years of age or older PURPOSE: To stimulate employment of persons sixty-five or older who face unprecedented challenges in reentering the workforce or continuing employment. SUMMARY OF PROVISIONS: Section 1: Amendment to section 210-B of the tax law is amended by adding a new subdivision 49. Provides for a business tax credit for the employer in regard to employ- ment of persons age sixty-five or older for the duration of twelve months or more, and for thirty-five hours or more per week. Tax credit
2019-S3883C (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 3883--C 2019-2020 Regular Sessions I N S E N A T E February 20, 2019 ___________ Introduced by Sens. STAVISKY, SEPULVEDA -- read twice and ordered print- ed, 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 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- 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 persons sixty-five years of age or older 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. SMALL BUSINESS TAX CREDIT; PERSONS AGE SIXTY-FIVE OR OLDER. (A) GENERAL. A TAXPAYER WHO HAS ONE HUNDRED EMPLOYEES OR LESS, SHALL BE ALLOWED A CREDIT, TO BE COMPUTED AS PROVIDED IN THIS SUBDIVISION, AGAINST THE TAX IMPOSED BY THIS ARTICLE FOR EACH PERSON AGE SIXTY-FIVE OR OLDER HIRED DURING A TAXABLE YEAR, PROVIDED THAT SUCH PERSON AGE SIXTY-FIVE OR OLDER IS EMPLOYED FOR THIRTY-FIVE HOURS OR MORE PER WEEK, EARNS LESS THAN SEVENTY-FIVE THOUSAND DOLLARS ANNUALLY, 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 TWO THOUSAND FIVE HUNDRED DOLLARS PER HIRED PERSON AGE SIXTY-FIVE OR OLDER BUT SHALL NOT EXCEED TEN MILLION DOLLARS ANNUALLY. (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. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02681-07-9
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