S T A T E O F N E W Y O R K
________________________________________________________________________
10359
I N A S S E M B L Y
May 24, 2012
___________
Introduced by M. of A. KOLB -- read once and referred to the Committee
on Ways and Means
AN ACT to amend the tax law, in relation to creating high-tech worker-NY
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. This act shall be known and may be cited as "high-tech
worker-NY".
S 2. Subsection (c) of section 612 of the tax law is amended by adding
a new paragraph 39 to read as follows:
(39) FOR TAXABLE YEARS BEGINNING ON AND AFTER JANUARY FIRST, TWO THOU-
SAND TWELVE, THE INCOME OF A TAXPAYER, THAT HAS COMPLETED A HIGH-TECH
PROGRAM AND HAS BEEN HIRED TO WORK IN A HIGH-TECH JOB WITHIN ONE YEAR OF
COMPLETING A HIGH-TECH PROGRAM, UP TO FIFTY THOUSAND DOLLARS PER TAXABLE
YEAR FOR FIVE CONSECUTIVE YEARS. A "HIGH-TECH PROGRAM" WILL BE DEFINED
BY THE COMMISSIONER OF EDUCATION, WHICH MAY INCLUDE ANY COLLEGE, VOCA-
TIONAL, OR CERTIFICATION PROGRAM. A "HIGH-TECH JOB" WILL BE DEFINED BY
THE COMMISSIONER OF ECONOMIC DEVELOPMENT.
S 3. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD15931-01-2