S T A T E O F N E W Y O R K
________________________________________________________________________
3417
2011-2012 Regular Sessions
I N A S S E M B L Y
January 25, 2011
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Introduced by M. of A. SCHIMMINGER, HOYT -- 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 ELEVEN 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 CONSUL-
TATION WITH THE DEPARTMENT OF LABOR, SHALL PROMULGATE RULES AND REGU-
LATIONS TO DETERMINE AND IDENTIFY ELIGIBLE TRAINING PROGRAMS PURSUANT TO
THIS PARAGRAPH.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD06184-01-1