| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Jan 04, 2012 |
referred to investigations and government operations |
| Jan 07, 2011 |
referred to investigations and government operations |
Senate Bill S1373
2011-2012 Legislative Session
Sponsored By
(D, WF) Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee
Actions
co-Sponsors
(D) Senate District
(D) Senate District
(D, WF) Senate District
(D, WF) Senate District
2011-S1373 (ACTIVE) - Details
2011-S1373 (ACTIVE) - Summary
Provides a tax credit of $1,000 against special additional mortgage tax and article 9-A (franchise tax on business corporations) for each employee employed in excess of one year at minimum wage for thirty hours per week who was a public assistance recipient for at least two years immediately preceding the commencement of such employment.
2011-S1373 (ACTIVE) - Sponsor Memo
BILL NUMBER:S1373
TITLE OF BILL:
An act
to amend the tax law, in relation to providing a tax credit for
employers who employ workers who were receiving public assistance
PURPOSE:
Provides a tax credit as an incentive for private employers to hire
workers who were previously on public assistance.
SUMMARY OF PROVISIONS:
Adds a new § 200 to the tax law, to provide a $1,000 per-employee
credit to any employer who employs, for at least one year at over 30
hours per week, a worker who was a public assistance recipient for
the two years preceding such employment.
JUSTIFICATION:
Public assistance recipients often lack adequate education, skills,
and experience that most jobs require, so employers are reluctant to
hire them. They often do not have access to or are unaware of the
resources that can provide them with the basic necessities for
success in private industry. This bill will motivate employers of the
private industry to seek out, train and employ these workers, so the
State's volume of productive, competent individuals will increase.
Financial independence will also be encouraged by this legislation,
2011-S1373 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
1373
2011-2012 Regular Sessions
I N S E N A T E
January 7, 2011
___________
Introduced by Sens. PERKINS, DIAZ, DILAN, DUANE, HASSELL-THOMPSON,
KRUEGER -- read twice and ordered printed, and when printed to be
committed to the Committee on Investigations and Government Operations
AN ACT to amend the tax law, in relation to providing a tax credit for
employers who employ workers who were receiving public assistance
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. The tax law is amended by adding a new section 200 to read
as follows:
S 200. EMPLOYMENT OF CERTAIN WORKERS; CREDIT. EVERY CORPORATION,
COMPANY, ASSOCIATION OR TAXPAYER REQUIRED BY SECTION ONE HUNDRED EIGHT-
Y-SEVEN OR ARTICLE NINE-A OF THIS CHAPTER TO PAY A TAX WHICH SHALL
EMPLOY, FOR A PERIOD IN EXCESS OF ONE YEAR, ANY WORKER AS A FULL-TIME
EMPLOYEE FOR NO LESS THAN THIRTY HOURS PER WEEK (EXCLUDING VACATION,
SICK TIME OR SIMILAR EXCEPTIONS) AND WHO IS PAID BY SUCH CORPORATION,
COMPANY, ASSOCIATION OR TAXPAYER NO LESS THAN THE MINIMUM WAGE AS
PRESCRIBED BY ARTICLE NINETEEN OF THE LABOR LAW, AND WHO WAS RECEIVING
PUBLIC ASSISTANCE FOR TWO YEARS OR MORE IMMEDIATELY PRECEDING THE
COMMENCEMENT OF SUCH EMPLOYMENT SHALL BE ENTITLED TO A CREDIT AGAINST
SUCH TAX OF ONE THOUSAND DOLLARS FOR EACH SUCH EMPLOYEE.
S 2. This act shall take effect immediately and shall apply to all
taxable years beginning after the thirty-first of December in the year
this act takes effect.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD03105-01-1
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