Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 04, 2012 |
print number 7439b |
Jun 04, 2012 |
amend and recommit to finance |
May 31, 2012 |
reported and committed to finance |
May 18, 2012 |
print number 7439a |
May 18, 2012 |
amend and recommit to investigations and government operations |
May 16, 2012 |
referred to investigations and government operations |
Senate Bill S7439
2011-2012 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Finance 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
Votes
Bill Amendments
2011-S7439 - Details
- Current Committee:
- Senate Finance
- Law Section:
- Tax Law
- Laws Affected:
- Amd §§210 & 606, Tax L
- Versions Introduced in 2013-2014 Legislative Session:
-
S3892
2011-S7439 - Sponsor Memo
BILL NUMBER:S7439 TITLE OF BILL: An act to amend the tax law, in relation to establishing business franchise and personal income tax credits for employers which employ combat veterans PURPOSE: This bill will establish a business franchise and personal income tax credits for employment of discharged combat veterans. SUMMARY OF PROVISIONS: Section One - amends section 210 of the tax law by adding a new subdivision 45 that will create a credit for employment of combat veterans. A taxpayer shall be allowed a credit, to be computed against the tax imposed by this article for employing within the state a combat veterans. Section One - defines a combat veteran as a person who served in the armed forces of the United States within two years of commencing employment by the taxpayers, who served in a combat zone as designed by the department of defense, and who has been honorably discharged or released under honorable circumstances from their service or furloughed to the reserve. Section One - defines the amount of the credit as six thousand dollars
2011-S7439 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7439 I N S E N A T E May 16, 2012 ___________ Introduced by Sen. BALL -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, in relation to establishing business fran- chise and personal income tax credits for employers which employ combat veterans THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 210 of the tax law is amended by adding a new subdivision 45 to read as follows: 45. CREDIT FOR EMPLOYMENT OF COMBAT VETERANS. (A) ALLOWANCE OF CREDIT. A TAXPAYER SHALL BE ALLOWED A CREDIT, TO BE COMPUTED AS PROVIDED IN THIS SUBDIVISION, AGAINST THE TAX IMPOSED BY THIS ARTICLE, FOR EMPLOYING WITHIN THE STATE A COMBAT VETERAN. (B) COMBAT VETERAN. A COMBAT VETERAN IS A PERSON WHO SERVED IN THE ARMED FORCES OF THE UNITED STATES WITHIN TWO YEARS OF COMMENCING EMPLOY- MENT BY THE TAXPAYER, WHO SERVED IN A COMBAT ZONE AS DESIGNATED BY THE DEPARTMENT OF DEFENSE, AND WHO HAS BEEN HONORABLY DISCHARGED OR RELEASED UNDER HONORABLE CIRCUMSTANCES FROM SUCH SERVICE OR FURLOUGHED TO THE RESERVE. (C) AMOUNT OF CREDIT. THE AMOUNT OF CREDIT SHALL BE SIX THOUSAND DOLLARS FOR EACH COMBAT VETERAN EMPLOYED BY THE TAXPAYER DURING THE TAXABLE YEAR ON A FULL-TIME BASIS OF THIRTY-FIVE HOURS OR MORE OF WORK PER WEEK. THE CREDIT PROVIDED BY THE SUBDIVISION MAY ONLY BE CLAIMED, WITH REGARD TO ANY COMBAT VETERAN, DURING THE FIRST TWO TAX YEARS OF SUCH VETERANS' EMPLOYMENT BY THE TAXPAYER. (D) CARRYOVER. THE CREDIT ALLOWED PURSUANT TO THIS SUBDIVISION FOR ANY TAXABLE YEAR SHALL NOT REDUCE THE TAX DUE FOR SUCH YEAR TO LESS THAN THE AMOUNT PRESCRIBED IN PARAGRAPH (D) OF SUBDIVISION ONE OF THIS SECTION. HOWEVER, IF THE AMOUNT OF CREDIT ALLOWABLE UNDER THIS SUBDIVISION FOR ANY TAXABLE YEAR REDUCES THE TAX TO SUCH AMOUNT, ANY AMOUNT OF CREDIT NOT DEDUCTIBLE IN SUCH TAXABLE YEAR MAY BE CARRIED OVER TO THE FOLLOWING YEAR OR YEARS, AND MAY BE DEDUCTED FROM THE TAXPAYER'S TAX FOR SUCH YEAR OR YEARS. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
co-Sponsors
(D, WF) Senate District
2011-S7439A - Details
- Current Committee:
- Senate Finance
- Law Section:
- Tax Law
- Laws Affected:
- Amd §§210 & 606, Tax L
- Versions Introduced in 2013-2014 Legislative Session:
-
S3892
2011-S7439A - Sponsor Memo
BILL NUMBER:S7439A TITLE OF BILL: An act to amend the tax law, in relation to establishing business franchise and personal income tax credits for employers which employ combat veterans PURPOSE: This bill will establish a business franchise and personal income tax credits for employment of discharged combat veterans. SUMMARY OF PROVISIONS: Section One - amends section 210 of the tax law by adding a new subdivision 45 that will create a credit for employment of combat veterans. A taxpayer shall be allowed a credit, to be computed against the tax imposed by this article for employing within the state a combat veterans. Section One - defines a combat veteran as a person who served in the armed forces of the United States within two years of commencing employment by the taxpayers, who served in a combat zone as designed by the department of defense, and who has been honorably discharged or released under honorable circumstances from their service or furloughed to the reserve. Section One - defines the amount of the credit as six thousand dollars
2011-S7439A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7439--A I N S E N A T E May 16, 2012 ___________ Introduced by Sen. BALL -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to establishing business fran- chise and personal income tax credits for employers which employ combat veterans THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 210 of the tax law is amended by adding a new subdivision 45 to read as follows: 45. CREDIT FOR EMPLOYMENT OF COMBAT VETERANS. (A) ALLOWANCE OF CREDIT. A TAXPAYER SHALL BE ALLOWED A CREDIT, TO BE COMPUTED AS PROVIDED IN THIS SUBDIVISION, AGAINST THE TAX IMPOSED BY THIS ARTICLE, FOR EMPLOYING WITHIN THE STATE A COMBAT VETERAN. (B) COMBAT VETERAN. A COMBAT VETERAN IS A PERSON WHO SERVED IN THE ARMED SERVICES OF THE UNITED STATES WITHIN TWO YEARS OF COMMENCING EMPLOYMENT BY THE TAXPAYER, WHO SERVED IN A COMBAT ZONE AS DESIGNATED BY THE PRESIDENT OF THE UNITED STATES BY EXECUTIVE ORDER, AND WHO HAS BEEN HONORABLY DISCHARGED OR RELEASED UNDER HONORABLE CIRCUMSTANCES FROM SUCH SERVICE OR FURLOUGHED TO THE RESERVE. (C) AMOUNT OF CREDIT. THE AMOUNT OF CREDIT SHALL BE SIX THOUSAND DOLLARS FOR EACH COMBAT VETERAN EMPLOYED BY THE TAXPAYER DURING THE TAXABLE YEAR ON A FULL-TIME BASIS OF THIRTY-FIVE HOURS OR MORE OF WORK PER WEEK. THE CREDIT PROVIDED BY THE SUBDIVISION MAY ONLY BE CLAIMED, WITH REGARD TO ANY COMBAT VETERAN, DURING THE FIRST TWO TAX YEARS OF SUCH VETERANS' EMPLOYMENT BY THE TAXPAYER. (D) CARRYOVER. THE CREDIT ALLOWED PURSUANT TO THIS SUBDIVISION FOR ANY TAXABLE YEAR SHALL NOT REDUCE THE TAX DUE FOR SUCH YEAR TO LESS THAN THE AMOUNT PRESCRIBED IN PARAGRAPH (D) OF SUBDIVISION ONE OF THIS SECTION. HOWEVER, IF THE AMOUNT OF CREDIT ALLOWABLE UNDER THIS SUBDIVISION FOR ANY TAXABLE YEAR REDUCES THE TAX TO SUCH AMOUNT, ANY AMOUNT OF CREDIT NOT DEDUCTIBLE IN SUCH TAXABLE YEAR MAY BE CARRIED OVER TO THE FOLLOWING EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15869-02-2
co-Sponsors
(D, WF) Senate District
2011-S7439B (ACTIVE) - Details
- Current Committee:
- Senate Finance
- Law Section:
- Tax Law
- Laws Affected:
- Amd §§210 & 606, Tax L
- Versions Introduced in 2013-2014 Legislative Session:
-
S3892
2011-S7439B (ACTIVE) - Sponsor Memo
BILL NUMBER:S7439B TITLE OF BILL: An act to amend the tax law, in relation to establishing business franchise and personal income tax credits for employers which employ combat veterans PURPOSE: This bill will establish a business franchise and personal income tax credits for employment of discharged combat veterans. SUMMARY OF PROVISIONS: Section One - amends section 210 of the tax law by adding a new subdivision 45 that will create a credit for employment of combat veterans. A taxpayer shall be allowed a credit, to be computed against the tax imposed by this article for employing within the state combat veterans. Section One - defines a combat veteran as a person who served in the armed forces of the United States within two years of commencing employment by the taxpayers, who served in a combat zone as designed by the department of defense, and who has been honorably discharged or released under honorable circumstances from their service or furloughed to the reserve. Section One - defines the amount of the credit as six thousand dollars
2011-S7439B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 7439--B I N S E N A T E May 16, 2012 ___________ Introduced by Sens. BALL, HASSELL-THOMPSON -- read twice and ordered printed, and when printed to be committed to the Committee on Investi- gations and Government Operations -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee -- reported favorably from said committee and committed to the Committee on Finance -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to establishing business fran- chise and personal income tax credits for employers which employ combat veterans THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 210 of the tax law is amended by adding a new subdivision 45 to read as follows: 45. CREDIT FOR EMPLOYMENT OF COMBAT VETERANS. (A) ALLOWANCE OF CREDIT. A TAXPAYER SHALL BE ALLOWED A CREDIT, TO BE COMPUTED AS PROVIDED IN THIS SUBDIVISION, AGAINST THE TAX IMPOSED BY THIS ARTICLE, FOR EMPLOYING WITHIN THE STATE A COMBAT VETERAN. (B) COMBAT VETERAN. A COMBAT VETERAN IS A PERSON WHO SERVED IN THE ARMED SERVICES OF THE UNITED STATES WITHIN TWO YEARS OF COMMENCING EMPLOYMENT BY THE TAXPAYER, WHO SERVED IN A COMBAT ZONE AS DESIGNATED BY THE PRESIDENT OF THE UNITED STATES BY EXECUTIVE ORDER, AND WHO HAS BEEN HONORABLY DISCHARGED OR RELEASED UNDER HONORABLE CIRCUMSTANCES FROM SUCH SERVICE OR FURLOUGHED TO THE RESERVE. (C) AMOUNT OF CREDIT. THE AMOUNT OF CREDIT SHALL BE SIX THOUSAND DOLLARS FOR EACH COMBAT VETERAN EMPLOYED BY THE TAXPAYER DURING THE TAXABLE YEAR ON A FULL-TIME BASIS OF THIRTY-FIVE HOURS OR MORE OF WORK PER WEEK. THE CREDIT PROVIDED BY THIS SUBDIVISION MAY ONLY BE CLAIMED, WITH REGARD TO ANY COMBAT VETERAN, IF SUCH VETERAN HAS BEEN EMPLOYED BY THE TAXPAYER ON A FULL-TIME BASIS FOR AT LEAST TWENTY-FIVE CONSECUTIVE WEEKS. PROVIDED THAT THE TAXPAYER MAY ONLY CLAIM CREDIT FOR A COMBAT VETERAN FOR THE TAXABLE YEAR IN WHICH SUCH VETERAN COMPLETED THE EMPLOY- MENT DURATION REQUIREMENT OF THIS PARAGRAPH AND THE IMMEDIATELY EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15869-04-2
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