senate Bill S6796

2013-2014 Legislative Session

Establishes an employment of New York national guard and reserve members wage tax credit

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Sponsored By

Archive: Last Bill Status -


  • 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 11, 2014 referred to investigations and government operations

S6796 - Details

See Assembly Version of this Bill:
A8705
Law Section:
Tax Law
Laws Affected:
Amd ยงยง210 & 606, Tax L

S6796 - Summary

Establishes a tax credit for companies that employ New York national guard and reserve members.

S6796 - Sponsor Memo

S6796 - Bill Text download pdf

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

                                  6796

                            I N  S E N A T E

                             March 11, 2014
                               ___________

Introduced  by  Sen.  FARLEY -- 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 creating a wage  tax  credit
  for  employers  who  employ  New York national guard men and women and
  reservists

  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.  EMPLOYMENT OF NEW YORK NATIONAL GUARD AND  RESERVE  MEMBERS  WAGE
TAX CREDIT. (A) ALLOWANCE OF CREDIT. A TAXPAYER SHALL BE ALLOWED A CRED-
IT,  TO  BE  COMPUTED  AS PROVIDED IN PARAGRAPH (B) OF THIS SUBDIVISION,
AGAINST THE TAX IMPOSED BY THIS ARTICLE, IF IT EMPLOYS  MEMBERS  OF  THE
NEW  YORK  NATIONAL GUARD AND RESERVES. PROVIDED, HOWEVER, SUCH TAXPAYER
SHALL COMPLY WITH THE UNIFORMED  SERVICES  EMPLOYMENT  AND  REEMPLOYMENT
RIGHTS  ACT,  AS FOUND IN SECTION 4301 ET SEQ. OF TITLE 18 OF THE UNITED
STATES CODE.
  (B) AMOUNT OF CREDIT. THE CREDIT ALLOWED PURSUANT TO PARAGRAPH (A)  OF
THIS  SUBDIVISION SHALL BE IN AN AMOUNT EQUAL TO FIFTEEN HUNDRED DOLLARS
FOR EACH NATIONAL GUARD OR RESERVE MEMBER EMPLOYED BY SUCH EMPLOYER  AND
TWENTY-FIVE  HUNDRED  DOLLARS  FOR EACH NATIONAL GUARD OR RESERVE MEMBER
EMPLOYED BY SUCH EMPLOYER WHO HAS COMPLETED OR RETURNED FROM  A  DEPLOY-
MENT OR ACTIVATION. PROVIDED, HOWEVER, THAT NO SUCH CREDIT ALLOWED UNDER
THIS SUBDIVISION SHALL EXCEED TWO THOUSAND FIVE HUNDRED DOLLARS FOR EACH
NATIONAL GUARD OR RESERVE MEMBER EMPLOYED BY SUCH EMPLOYER.
  (C)  APPLICATION  OF CREDIT. THE CREDIT ALLOWED UNDER THIS SUBDIVISION
FOR ANY TAXABLE YEAR SHALL NOT REDUCE THE TAX DUE FOR SUCH YEAR TO  LESS
THAN  THE  HIGHER  OF THE AMOUNT PRESCRIBED IN PARAGRAPHS (C) AND (D) OF
SUBDIVISION ONE OF THIS SECTION. IF,  HOWEVER,  THE  AMOUNT  OF  CREDITS
ALLOWED  UNDER  THIS SUBDIVISION FOR ANY TAXABLE YEAR REDUCES THE TAX TO
SUCH AMOUNT, ANY AMOUNT OF CREDIT THUS NOT DEDUCTIBLE  IN  SUCH  TAXABLE
YEAR  SHALL  BE  TREATED  AS  AN  OVERPAYMENT  OF  TAX TO BE CREDITED OR
REFUNDED IN ACCORDANCE WITH  THE  PROVISIONS  OF  SECTION  ONE  THOUSAND

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

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