S T A T E O F N E W Y O R K
________________________________________________________________________
11367
I N A S S E M B L Y
October 19, 2018
___________
Introduced by COMMITTEE ON RULES -- (at request of M. of A. Fernandez)
-- read once and referred to the Committee on Ways and Means
AN ACT to amend the tax law, in relation to providing a tax credit for
small businesses employing a person previously convicted of a crime
other than a violent felony
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 210-B of the tax law is amended by adding a new
subdivision 53 to read as follows:
53. REHABILITATION OPPORTUNITY TAX CREDIT. A TAXPAYER SHALL BE ALLOWED
A CREDIT, AGAINST THE TAX IMPOSED BY THIS ARTICLE, OF ONE THOUSAND FIVE
HUNDRED DOLLARS FOR EACH PERSON PREVIOUSLY CONVICTED OF A CRIME OTHER
THAN A VIOLENT FELONY HIRED DURING A TAXABLE YEAR AND RETAINED FOR FULL-
TIME EMPLOYMENT BY SUCH BUSINESS FOR AT LEAST ONE YEAR. SUCH TAX CREDIT
SHALL BE APPLICABLE ONLY TO BUSINESSES EMPLOYING FIFTY OR FEWER EMPLOY-
EES.
§ 2. Subparagraph (B) of paragraph 1 of subsection (i) of section 606
of the tax law is amended by adding a new clause (xliv) to read as
follows:
(XLIV) REHABILITATION OPPORTUNITY AMOUNT OF CREDIT UNDER SUBDIVISION
TAX CREDIT UNDER SUBSECTION (JJJ) FIFTY-THREE OF SECTION TWO HUNDRED
TEN-B
§ 3. Section 606 of the tax law is amended by adding a new subsection
(jjj) to read as follows:
(JJJ) REHABILITATION OPPORTUNITY TAX CREDIT. A TAXPAYER SHALL BE
ALLOWED A CREDIT, AGAINST THE TAX IMPOSED BY THIS ARTICLE, OF ONE THOU-
SAND FIVE HUNDRED DOLLARS FOR EACH PERSON PREVIOUSLY CONVICTED OF A
CRIME OTHER THAN A VIOLENT FELONY HIRED DURING A TAXABLE YEAR AND
RETAINED FOR FULL-TIME EMPLOYMENT BY SUCH BUSINESS FOR AT LEAST ONE
YEAR. SUCH TAX CREDIT SHALL BE APPLICABLE ONLY TO BUSINESSES EMPLOYING
FIFTY OR FEWER EMPLOYEES.
§ 4. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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