Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Apr 30, 2018 |
enacting clause stricken |
Jan 03, 2018 |
referred to ways and means |
May 25, 2017 |
referred to ways and means |
Assembly Bill A8079
2017-2018 Legislative Session
Sponsored By
SEPULVEDA
Archive: Last Bill Status - Stricken
- 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
Actions
co-Sponsors
Felix Ortiz
Carmen De La Rosa
Marcos Crespo
Vivian Cook
multi-Sponsors
Robin Schimminger
2017-A8079 (ACTIVE) - Details
2017-A8079 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8079 2017-2018 Regular Sessions I N A S S E M B L Y May 25, 2017 ___________ Introduced by M. of A. SEPULVEDA -- 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 to employers who subsidize an employee's use of public transportation 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. EMPLOYER TRANSPORTATION CREDIT. (A) A TAXPAYER SHALL BE ALLOWED A CREDIT, TO BE COMPUTED AS HEREINAFTER PROVIDED, AGAINST THE TAX IMPOSED BY THIS ARTICLE. THE AMOUNT OF THE CREDIT SHALL BE EQUAL TO EITHER: (I) FIFTEEN PERCENT OF THE EXPENSES INCURRED DURING A TAXABLE YEAR IN PROVIDING PUBLIC TRANSPORTATION SERVICES FOR EMPLOYEES, PROVIDED THAT THE TAXPAYER CONTRIBUTE AT LEAST FIFTY PERCENT OF AN EMPLOYEE'S TOTAL PUBLIC TRANSPORTATION SERVICE COST. (II) TWENTY-FIVE PERCENT OF THE EXPENSES INCURRED DURING A TAXABLE YEAR IN PROVIDING PUBLIC TRANSPORTATION SERVICES FOR EMPLOYEES, PROVIDED THAT THE TAXPAYER CONTRIBUTE ONE HUNDRED PERCENT OF AN EMPLOYEE'S TOTAL PUBLIC TRANSPORTATION SERVICE COST. (B) FOR THE PURPOSES OF THIS SUBDIVISION, "PUBLIC TRANSPORTATION SERVICE" SHALL HAVE THE SAME DEFINITION AS IN SUBDIVISION FIVE OF SECTION SEVENTY-THREE-C OF THE TRANSPORTATION LAW. (C) A TAXPAYER MAY CONTRIBUTE TO AN EMPLOYEE'S TOTAL TRANSPORTATION SERVICE COST IN THE FOLLOWING MANNERS: (I) BY REIMBURSING AN EMPLOYEE DIRECTLY FOR THE COST OF THE EXPENSES INCURRED FOR SERVICES; (II) BY PROVIDING PASSES FOR PURCHASE DIRECTLY TO EMPLOYEES AT A DISCOUNTED RATE; OR (III) BY ALLOWING EMPLOYEES TO INCUR A PAYROLL DEDUCTION. (D) SUCH PASS MUST COVER A MINIMUM OF ONE YEAR PER EMPLOYEE FOR THE TAXPAYER TO CLAIM A CREDIT UNDER THIS SECTION. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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