Assembly Bill A6767

2013-2014 Legislative Session

Establishes a small business tax credit for the employment of persons fifty-five years of age and older

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Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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Bill Amendments

co-Sponsors

multi-Sponsors

2013-A6767 - Details

Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §§210 & 606, Tax L
Versions Introduced in Other Legislative Sessions:
2015-2016: A1073
2017-2018: A863
2019-2020: A419
2021-2022: A762

2013-A6767 - Summary

Establishes a small business tax credit for the employment of persons fifty-five years of age and older.

2013-A6767 - Bill Text download pdf

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

                                  6767

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                             April 18, 2013
                               ___________

Introduced  by  M.  of  A.  BRAUNSTEIN  -- read once and referred to the
  Committee on Ways and Means

AN ACT to amend the tax law, in relation to establishing a  small  busi-
  ness  tax credit for the employment of persons fifty-five years of age
  or older

  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 47 to read as follows:
  47. SMALL BUSINESS TAX CREDIT; PERSONS AGE FIFTY-FIVE OR OLDER.    (A)
GENERAL.  A  TAXPAYER  WHO  HAS  ONE HUNDRED EMPLOYEES OR LESS, SHALL BE
ALLOWED A CREDIT, TO  BE  COMPUTED  AS  PROVIDED  IN  THIS  SUBDIVISION,
AGAINST  THE  TAX IMPOSED BY THIS ARTICLE FOR EACH PERSON AGE FIFTY-FIVE
OR OLDER HIRED DURING A TAXABLE YEAR,  PROVIDED  THAT  SUCH  PERSON  AGE
FIFTY-FIVE  OR OLDER  IS EMPLOYED FOR THIRTY-FIVE HOURS OR MORE PER WEEK
AND REMAINS IN THE EMPLOY OF SUCH TAXPAYER FOR TWELVE MONTHS OR MORE.
  (B) AMOUNT OF CREDIT. A CREDIT AUTHORIZED BY THIS SECTION SHALL  EQUAL
FIVE THOUSAND DOLLARS PER HIRED PERSON AGE FIFTY-FIVE OR OLDER BUT SHALL
NOT EXCEED TWENTY-FIVE THOUSAND DOLLARS.
  (C)  CARRYOVERS.  THE  CREDIT  ALLOWED  UNDER  THIS SUBDIVISION MAY BE
CLAIMED AND IF NOT FULLY USED IN THE INITIAL YEAR FOR WHICH  THE  CREDIT
IS CLAIMED MAY BE CARRIED OVER, IN ORDER, TO EACH OF THE FIVE SUCCEEDING
TAXABLE YEARS. THE CREDIT AUTHORIZED BY THIS SUBDIVISION MAY NOT BE USED
TO REDUCE THE TAX LIABILITY OF THE CREDIT CLAIMANT BELOW ZERO.
  S  2. Subparagraph (B) of paragraph 1 of subsection (i) of section 606
of the tax law is amended by adding a new  clause  (xxxvi)  to  read  as
follows:
(XXXVI) SMALL BUSINESS TAX CREDIT;   COSTS UNDER SUBDIVISION
PERSONS FIFTY-FIVE YEARS OF AGE OR   FORTY-SEVEN OF SECTION
OLDER SUBSECTION (WW)                TWO HUNDRED TEN

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08261-02-3

              

co-Sponsors

multi-Sponsors

2013-A6767A (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §§210 & 606, Tax L
Versions Introduced in Other Legislative Sessions:
2015-2016: A1073
2017-2018: A863
2019-2020: A419
2021-2022: A762

2013-A6767A (ACTIVE) - Summary

Establishes a small business tax credit for the employment of persons fifty-five years of age and older.

2013-A6767A (ACTIVE) - Bill Text download pdf

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

                                 6767--A

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                             April 18, 2013
                               ___________

Introduced  by M. of A. BRAUNSTEIN, SKARTADOS, BRINDISI, STECK, BARRETT,
  KIM, GUNTHER, KEARNS, COLTON,  ROSA,  MILLER,  MILLMAN,  SANTABARBARA,
  SIMOTAS,  COOK,  SCARBOROUGH,  SEPULVEDA, MOYA, RAIA, DIPIETRO, JOHNS,
  CORWIN, CAHILL, ROBINSON, HOOPER, ROBERTS -- Multi-Sponsored by --  M.
  of  A.  ABBATE,  CLARK, CROUCH, MARKEY, McDONOUGH, McLAUGHLIN, MOSLEY,
  PERRY, SALADINO, SIMANOWITZ, SWEENEY,  WEISENBERG  --  read  once  and
  referred  to  the  Committee  on  Ways and Means -- recommitted to the
  Committee on Ways and Means in accordance with Assembly Rule 3, sec. 2
  -- committee discharged, bill amended, ordered  reprinted  as  amended
  and recommitted to said committee

AN  ACT  to amend the tax law, in relation to establishing a small busi-
  ness tax credit for the employment of persons fifty-five years of  age
  or older

  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.  SMALL  BUSINESS TAX CREDIT; PERSONS AGE FIFTY-FIVE OR OLDER.  (A)
GENERAL. A TAXPAYER WHO HAS ONE HUNDRED  EMPLOYEES  OR  LESS,  SHALL  BE
ALLOWED  A  CREDIT,  TO  BE  COMPUTED  AS  PROVIDED IN THIS SUBDIVISION,
AGAINST THE TAX IMPOSED BY THIS ARTICLE FOR EACH PERSON  AGE  FIFTY-FIVE
OR  OLDER  HIRED  DURING  A  TAXABLE YEAR, PROVIDED THAT SUCH PERSON AGE
FIFTY-FIVE OR OLDER  IS EMPLOYED FOR THIRTY-FIVE HOURS OR MORE PER  WEEK
AND REMAINS IN THE EMPLOY OF SUCH TAXPAYER FOR TWELVE MONTHS OR MORE.
  (B)  AMOUNT OF CREDIT. A CREDIT AUTHORIZED BY THIS SECTION SHALL EQUAL
FIVE THOUSAND DOLLARS PER HIRED PERSON AGE FIFTY-FIVE OR OLDER BUT SHALL
NOT EXCEED TWENTY-FIVE THOUSAND DOLLARS.
  (C) CARRYOVERS. THE CREDIT  ALLOWED  UNDER  THIS  SUBDIVISION  MAY  BE
CLAIMED  AND  IF NOT FULLY USED IN THE INITIAL YEAR FOR WHICH THE CREDIT
IS CLAIMED MAY BE CARRIED OVER, IN ORDER, TO EACH OF THE FIVE SUCCEEDING

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08261-05-4

              

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