senate Bill S1225

2013-2014 Legislative Session

Provides tax credit for employers of workers who were receiving public assistance immediately preceding such employment

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Archive: Last Bill Status - In Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to investigations and government operations
Jan 09, 2013 referred to investigations and government operations

Co-Sponsors

S1225 - Bill Details

See Assembly Version of this Bill:
A2950
Current Committee:
Law Section:
Tax Law
Laws Affected:
Add §200, Tax L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S1373, A637
2009-2010: S1131, A1345

S1225 - Bill Texts

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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.

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BILL NUMBER:S1225

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,
so reliance on public assistance will be reduced and New York State's
economic status will continue to improve.

FISCAL IMPLICATIONS:
The legislation would result in a reduction in State tax revenue of
approximately $34 million for SFY 2010-11.

*Provided by State of New York Department of Taxation and Finance,
Office of Tax Policy Analysis.

LEGISLATIVE HISTORY:
2011-12: S.1373 - Referred to Investigations & Government Operations
2009-10: S.1131 - Referred to Investigations & Government Operations
2007-08: S.2918 - Referred to Investigations, Taxation & Government
Operations
2005-06: S.961 - Referred to Investigations, Taxation &
Government Operations
2003-04: S.2247 - Referred to Investigations,
Taxation & Government Operations
2001-02: S.1650/A.2638 - Referred to
Investigations, Taxation & Government Operations

EFFECTIVE DATE:
Effective immediately upon enactment into law.

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                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  1225

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced  by  Sens. PERKINS, DIAZ, DILAN, 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.
                                                           LBD00835-01-3

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