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
                               ___________

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