senate Bill S3892A

2013-2014 Legislative Session

Establishes business franchise and personal income tax credits for employment of discharged combat veterans

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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
Mar 18, 2014 reported and committed to finance
Mar 13, 2014 print number 3892a
amend and recommit to veterans, homeland security and military affairs
Jan 08, 2014 referred to veterans, homeland security and military affairs
Feb 26, 2013 referred to veterans, homeland security and military affairs

Bill Amendments

Original
A (Active)
Original
A (Active)

S3892 - Details

Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd §§210 & 606, Tax L
Versions Introduced in 2011-2012 Legislative Session:
S7439B

S3892 - Summary

Establishes business franchise and personal income tax credits for employment of discharged combat veterans.

S3892 - Sponsor Memo

S3892 - Bill Text download pdf

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

                                  3892

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            February 26, 2013
                               ___________

Introduced  by  Sen.  BALL  --  read twice and ordered printed, and when
  printed to be committed to the Committee on Veterans, Homeland Securi-
  ty and Military Affairs

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 46 to read as follows:
  46. 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
SUCCEEDING TAXABLE YEAR IF SUCH VETERAN HAS BEEN  CONTINUOUSLY  EMPLOYED
BY THE TAXPAYER FOR AT LEAST ONE YEAR.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07356-01-3

Co-Sponsors

S3892A (ACTIVE) - Details

Current Committee:
Law Section:
Tax Law
Laws Affected:
Amd §§210 & 606, Tax L
Versions Introduced in 2011-2012 Legislative Session:
S7439B

S3892A (ACTIVE) - Summary

Establishes business franchise and personal income tax credits for employment of discharged combat veterans.

S3892A (ACTIVE) - Sponsor Memo

S3892A (ACTIVE) - Bill Text download pdf

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

                                 3892--A

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            February 26, 2013
                               ___________

Introduced  by  Sen.  BALL  --  read twice and ordered printed, and when
  printed to be committed to the Committee on Veterans, Homeland Securi-
  ty and Military Affairs -- recommitted to the Committee  on  Veterans,
  Homeland  Security and Military Affairs in accordance with Senate Rule
  6, sec. 8 -- 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 48 to read as follows:
  48. 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-

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07356-02-4

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