| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Feb 02, 2016 |
print number 645a |
| Feb 02, 2016 |
amend and recommit to investigations and government operations |
| Jan 06, 2016 |
referred to investigations and government operations |
| Jan 07, 2015 |
referred to investigations and government operations |
Senate Bill S645A
2015-2016 Legislative Session
Sponsored By
(D, WF) Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations Committee
Actions
Bill Amendments
co-Sponsors
(D, WF) Senate District
2015-S645 - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §210-B, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S4106
2011-2012: S5351
2013-2014: S528
2017-2018: S5102
2015-S645 - Summary
Establishes a five percent investment tax credit against the franchise tax imposed upon corporations for a portion of training or retraining expenses incurred by them in an eligible business facility, pursuant to rules and regulations of the department of taxation and finance promulgated in consultation with the department of labor.
2015-S645 - Sponsor Memo
BILL NUMBER: S645
TITLE OF BILL : 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
PURPOSE OF THE BILL :
Provides for a corporate franchise tax credit for employee training
expenses in an eligible business facility.
SUMMARY OF SPECIFIC PROVISIONS :
§ 1- Amends subdivision 1 of § 210-B of the tax law by adding a new
paragraph (g) which allows for a tax credit in the amount equal to 5%
of the expenditures paid or incurred by a taxpayer for training or
retraining of employees, pursuant to Department of Labor review.
§ 2- Effective date.
JUSTIFICATION :
More so than ever, reports and newspaper articles are documenting the
shortages in today's job market of skilled employees. A combination of
high automation levels in the workplace and low employee language
2015-S645 - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
645
2015-2016 Regular Sessions
I N S E N A T E
(PREFILED)
January 7, 2015
___________
Introduced by Sens. KENNEDY, ESPAILLAT -- read twice and ordered print-
ed, and when printed to be committed to the Committee on Investi-
gations and Government Operations
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 1 of section 210-B of the tax law is amended by
adding a new paragraph (g) to read as follows:
(G) IN ADDITION TO THE CREDIT ALLOWED BY PARAGRAPH (A) OF THIS SUBDI-
VISION, FOR TAXABLE YEARS BEGINNING AFTER DECEMBER THIRTY-FIRST, TWO
THOUSAND FIFTEEN 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.
LBD03226-01-5
co-Sponsors
(D, WF) Senate District
2015-S645A (ACTIVE) - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §210-B, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S4106
2011-2012: S5351
2013-2014: S528
2017-2018: S5102
2015-S645A (ACTIVE) - Summary
Establishes a five percent investment tax credit against the franchise tax imposed upon corporations for a portion of training or retraining expenses incurred by them in an eligible business facility, pursuant to rules and regulations of the department of taxation and finance promulgated in consultation with the department of labor.
2015-S645A (ACTIVE) - Sponsor Memo
BILL NUMBER: S645A
TITLE OF BILL :
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
PURPOSE OF THE BILL :
Provides for a corporate franchise tax credit for employee training
expenses in an eligible business facility.
SUMMARY OF SPECIFIC PROVISIONS :
§ 1 - Amends subdivision 1 of § 210-B of the tax law by adding a new
paragraph (g) which allows for a tax credit in the amount equal to 5%
of the expenditures paid or incurred by a taxpayer for training or
retraining of employees, pursuant to Department of Labor review.
§ 2 - Effective date.
JUSTIFICATION :
More so than ever, reports and newspaper articles are documenting the
shortages in today's job market of skilled employees. A combination of
2015-S645A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
645--A
2015-2016 Regular Sessions
I N S E N A T E
(PREFILED)
January 7, 2015
___________
Introduced by Sens. KENNEDY, ESPAILLAT -- read twice and ordered print-
ed, and when printed to be committed to the Committee on Investi-
gations and Government Operations -- recommitted to the Committee on
Investigations and Government Operations 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 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 1 of section 210-B of the tax law is amended by
adding a new paragraph (g) to read as follows:
(G) IN ADDITION TO THE CREDIT ALLOWED BY PARAGRAPH (A) OF THIS SUBDI-
VISION, FOR TAXABLE YEARS BEGINNING AFTER DECEMBER THIRTY-FIRST, TWO
THOUSAND SIXTEEN 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.
LBD03226-02-6
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