Assembly Bill A11367

2017-2018 Legislative Session

Provides a tax credit for small businesses employing a person previously convicted of a crime other than a violent felony

download bill text pdf

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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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2017-A11367 (ACTIVE) - Details

Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §§210-B & 606, Tax L
Versions Introduced in Other Legislative Sessions:
2019-2020: A2757
2021-2022: A2252
2023-2024: A4951

2017-A11367 (ACTIVE) - Summary

Provides a tax credit for small businesses employing a person previously convicted of a crime other than a violent felony; provides a tax credit of one thousand five hundred dollars for each person employed.

2017-A11367 (ACTIVE) - Bill Text download pdf 

                            
 
                     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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