S T A T E O F N E W Y O R K
________________________________________________________________________
2897
2009-2010 Regular Sessions
I N A S S E M B L Y
January 21, 2009
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Introduced by M. of A. SCHIMMINGER, HOYT, DelMONTE -- 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 12 of section 210 of the tax law is amended by
adding a new paragraph (n) to read as follows:
(N) IN ADDITION TO THE CREDIT ALLOWED BY PARAGRAPH (A) OF THIS SUBDI-
VISION, FOR TAXABLE YEARS BEGINNING AFTER DECEMBER THIRTY-FIRST, TWO
THOUSAND NINE 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 CONSULTATION WITH
THE DEPARTMENT OF LABOR, SHALL PROMULGATE RULES AND REGULATIONS TO
DETERMINE AND IDENTIFY ELIGIBLE TRAINING PROGRAMS PURSUANT TO THIS PARA-
GRAPH.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD03947-01-9