senate Bill S4090B

2017-2018 Legislative Session

Relates to establishing a job creation tax credit

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Finance Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

Your Voice

do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

view actions (14)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
May 15, 2018 reported and committed to finance
Jan 03, 2018 referred to investigations and government operations
returned to senate
died in assembly
Jun 19, 2017 referred to ways and means
delivered to assembly
passed senate
ordered to third reading cal.1875
committee discharged and committed to rules
Jun 06, 2017 print number 4090b
Jun 06, 2017 amend and recommit to investigations and government operations
Mar 22, 2017 print number 4090a
Mar 22, 2017 amend and recommit to investigations and government operations
Feb 03, 2017 referred to investigations and government operations

Votes

view votes

May 15, 2018 - Investigations and Government Operations committee Vote

S4090B
7
0
committee
7
Aye
0
Nay
2
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Investigations and Government Operations committee vote details

Investigations and Government Operations Committee Vote: May 15, 2018

aye wr (2)

Jun 19, 2017 - Rules committee Vote

S4090B
22
0
committee
22
Aye
0
Nay
3
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Rules committee vote details

Co-Sponsors

view additional co-sponsors

S4090 - Details

See Assembly Version of this Bill:
A8049
Current Committee:
Senate Finance
Law Section:
Tax Law
Laws Affected:
Add §44, amd §§210-B & 606, Tax L
Versions Introduced in 2019-2020 Legislative Session:
S541, A2461

S4090 - Summary

Relates to establishing a job creation tax credit; provides that the amount of the credit shall be six percent of the total amount of wages paid to the qualified employee during the employee's first six months of employment and if the qualified employee was receiving unemployment insurance benefits at the time of hire for a minimum of thirteen weeks or is employed directly in the manufacturing process in an eligible industry, the amount of the credit shall be twelve percent of the total amount of wages paid to the qualified employee during the employee's first six months of employment; caps the credit at $750 for any qualified employee and $1500 for any qualified employee who was receiving unemployment insurance benefits at the time of hire for a minimum of thirteen weeks or who is employed directly in the manufacturing process in an eligible industry.

S4090 - Sponsor Memo

S4090 - Bill Text download pdf


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

                                  4090

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                            February 3, 2017
                               ___________

Introduced  by  Sen.  AKSHAR -- read twice and ordered printed, and when
  printed to be committed to the Committee on Investigations and Govern-
  ment Operations

AN ACT to amend the tax law, in relation to establishing a job  creation
  tax credit

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The tax law is amended by adding a new section 43  to  read
as follows:
  §  43.  JOB  CREATION TAX CREDIT. (A) ALLOWANCE OF CREDIT. A TAXPAYER,
WHICH IS SUBJECT TO TAX UNDER ARTICLE NINE-A OR TWENTY-TWO OF THIS CHAP-
TER AND WHICH CREATES A NEW FULL TIME POSITION, SHALL BE ALLOWED A CRED-
IT AGAINST SUCH TAX. THE AMOUNT OF THE CREDIT ALLOWED UNDER THIS SECTION
SHALL BE SEVEN HUNDRED FIFTY DOLLARS FOR EACH  NEW  FULL  TIME  POSITION
FILLED FOR AT LEAST SIX MONTHS DURING THE TAX YEAR. THE CREDIT SHALL NOT
BE FOR MORE THAN THIRTY NEW FULL TIME POSITIONS PER TAX YEAR.
  (B)  AGRICULTURAL  COMMODITIES ENHANCEMENT. IF THE NEW FULL TIME POSI-
TION IS CREATED IN A BUSINESS WHICH ADDS VALUE TO  AGRICULTURAL  COMMOD-
ITIES  THROUGH  MANUFACTURING OR PROCESSING, AN ADDITIONAL SEVEN HUNDRED
FIFTY DOLLAR CREDIT PER NEW FULL TIME POSITION WILL BE ALLOWED.
  (C) MANUFACTURING ENHANCEMENT.  IF  THE  NEW  FULL  TIME  POSITION  IS
CREATED  IN  A MANUFACTURING BUSINESS, AN ADDITIONAL SEVEN HUNDRED FIFTY
DOLLAR CREDIT PER NEW FULL TIME POSITION  WILL  BE  ALLOWED.    FOR  THE
PURPOSES  OF  THIS  SUBDIVISION,  "MANUFACTURING  BUSINESS" SHALL MEAN A
BUSINESS PRINCIPALLY ENGAGED IN THE PRODUCTION OF GOODS  BY  MANUFACTUR-
ING,  PROCESSING,  ASSEMBLING,  REFINING,  MINING,  EXTRACTING, FARMING,
AGRICULTURE, HORTICULTURE, FLORICULTURE, VITICULTURE OR COMMERCIAL FISH-
ING.
  (D) UNEMPLOYMENT ENHANCEMENT. IF A NEW EMPLOYEE  WAS  RECEIVING  UNEM-
PLOYMENT  INSURANCE  BENEFITS  AT  THE  TIME OF HIRE, THE CREDIT ALLOWED
UNDER THIS SECTION SHALL BE INCREASED TO ONE THOUSAND DOLLARS.

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

Co-Sponsors

view additional co-sponsors

S4090A - Details

See Assembly Version of this Bill:
A8049
Current Committee:
Senate Finance
Law Section:
Tax Law
Laws Affected:
Add §44, amd §§210-B & 606, Tax L
Versions Introduced in 2019-2020 Legislative Session:
S541, A2461

S4090A - Summary

Relates to establishing a job creation tax credit; provides that the amount of the credit shall be six percent of the total amount of wages paid to the qualified employee during the employee's first six months of employment and if the qualified employee was receiving unemployment insurance benefits at the time of hire for a minimum of thirteen weeks or is employed directly in the manufacturing process in an eligible industry, the amount of the credit shall be twelve percent of the total amount of wages paid to the qualified employee during the employee's first six months of employment; caps the credit at $750 for any qualified employee and $1500 for any qualified employee who was receiving unemployment insurance benefits at the time of hire for a minimum of thirteen weeks or who is employed directly in the manufacturing process in an eligible industry.

S4090A - Sponsor Memo

S4090A - Bill Text download pdf


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

                                 4090--A

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                            February 3, 2017
                               ___________

Introduced  by  Sens.  AKSHAR,  BONACIC,  CROCI,  DeFRANCISCO, GALLIVAN,
  HANNON, HELMING, ROBACH, SEWARD -- read twice and ordered printed, and
  when printed to be committed to the Committee  on  Investigations  and
  Government  Operations  -- 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 job  creation
  tax credit

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. The tax law is amended by adding a new section 43  to  read
as follows:
  §  43.  JOB CREATION TAX CREDIT. (A) ALLOWANCE OF CREDIT.  FOR TAXABLE
YEARS BEGINNING ON OR AFTER JANUARY  FIRST,  TWO  THOUSAND  EIGHTEEN,  A
TAXPAYER SUBJECT TO TAX UNDER ARTICLE NINE-A OR TWENTY-TWO OF THIS CHAP-
TER  SHALL  BE  ALLOWED  A  CREDIT,  TO  BE COMPUTED AS PROVIDED IN THIS
SECTION, AGAINST THE TAX IMPOSED BY THIS ARTICLE, FOR EACH NET  NEW  JOB
CREATED,  FOR EACH QUALIFIED EMPLOYEE WITHIN THE STATE. THE TAXPAYER MAY
CLAIM THE CREDIT IN THE YEAR IN WHICH THE QUALIFIED  EMPLOYEE  COMPLETES
SIX  MONTHS OF EMPLOYMENT. A TAXPAYER MAY ONLY CLAIM THE CREDIT ONCE FOR
EACH QUALIFIED EMPLOYEE AND MAY ONLY CLAIM A TAX CREDIT FOR A MAXIMUM OF
THIRTY QUALIFIED EMPLOYEES IN EACH TAXABLE YEAR. IF THE TAXPAYER  CLAIMS
THE  CREDIT  ALLOWED  UNDER  THIS  SECTION, THE TAXPAYER MAY NOT USE THE
HIRING OF A QUALIFIED EMPLOYEE THAT IS THE BASIS FOR THIS CREDIT IN  THE
BASIS OF ANY OTHER CREDIT ALLOWED UNDER THIS ARTICLE.
  (B)  QUALIFIED  EMPLOYEE.  A  QUALIFIED  EMPLOYEE IS AN INDIVIDUAL WHO
COMMENCES EMPLOYMENT BY THE  QUALIFIED  TAXPAYER  ON  OR  AFTER  JANUARY
FIRST, TWO THOUSAND EIGHTEEN.
  (C)  NET  NEW JOB. "NET NEW JOB" MEANS JOBS CREATED IN THIS STATE THAT
(1) ARE NEW TO THE STATE, (2) HAVE NOT BEEN TRANSFERRED FROM  EMPLOYMENT
WITH ANOTHER BUSINESS THAT IS A RELATED PERSON, (3) ARE EITHER FULL-TIME
WAGE-PAYING  JOBS OR EQUIVALENT TO A FULL-TIME WAGE-PAYING JOB REQUIRING
AT LEAST THIRTY-FIVE HOURS PER WEEK, AND (4) ARE FILLED  FOR  MORE  THAN
SIX MONTHS.

Co-Sponsors

view additional co-sponsors

S4090B (ACTIVE) - Details

See Assembly Version of this Bill:
A8049
Current Committee:
Senate Finance
Law Section:
Tax Law
Laws Affected:
Add §44, amd §§210-B & 606, Tax L
Versions Introduced in 2019-2020 Legislative Session:
S541, A2461

S4090B (ACTIVE) - Summary

Relates to establishing a job creation tax credit; provides that the amount of the credit shall be six percent of the total amount of wages paid to the qualified employee during the employee's first six months of employment and if the qualified employee was receiving unemployment insurance benefits at the time of hire for a minimum of thirteen weeks or is employed directly in the manufacturing process in an eligible industry, the amount of the credit shall be twelve percent of the total amount of wages paid to the qualified employee during the employee's first six months of employment; caps the credit at $750 for any qualified employee and $1500 for any qualified employee who was receiving unemployment insurance benefits at the time of hire for a minimum of thirteen weeks or who is employed directly in the manufacturing process in an eligible industry.

S4090B (ACTIVE) - Sponsor Memo

S4090B (ACTIVE) - Bill Text download pdf


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

                                 4090--B

                       2017-2018 Regular Sessions

                            I N  S E N A T E

                            February 3, 2017
                               ___________

Introduced  by  Sens.  AKSHAR,  BONACIC,  CROCI,  DeFRANCISCO, GALLIVAN,
  HANNON, HELMING, ROBACH, SEWARD -- read twice and ordered printed, and
  when printed to be committed to the Committee  on  Investigations  and
  Government  Operations  -- committee discharged, bill amended, ordered
  reprinted as amended and recommitted to said  committee  --  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 job creation
  tax credit

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  The tax law is amended by adding a new section 44 to read
as follows:
  § 44. JOB CREATION TAX CREDIT. (A) ALLOWANCE OF CREDIT.   FOR  TAXABLE
YEARS  BEGINNING  ON  OR  AFTER  JANUARY FIRST, TWO THOUSAND EIGHTEEN, A
TAXPAYER SUBJECT TO TAX UNDER ARTICLE NINE-A OR TWENTY-TWO OF THIS CHAP-
TER SHALL BE ALLOWED A CREDIT,  TO  BE  COMPUTED  AS  PROVIDED  IN  THIS
SECTION,  AGAINST  THE TAX IMPOSED BY THIS ARTICLE, FOR EACH NET NEW JOB
CREATED, FOR EACH QUALIFIED EMPLOYEE WITHIN THE STATE. THE TAXPAYER  MAY
CLAIM  THE  CREDIT IN THE YEAR IN WHICH THE QUALIFIED EMPLOYEE COMPLETES
SIX MONTHS OF EMPLOYMENT. A TAXPAYER MAY ONLY CLAIM THE CREDIT ONCE  FOR
EACH QUALIFIED EMPLOYEE AND MAY ONLY CLAIM A TAX CREDIT FOR A MAXIMUM OF
THIRTY  QUALIFIED EMPLOYEES IN EACH TAXABLE YEAR. IF THE TAXPAYER CLAIMS
THE CREDIT ALLOWED UNDER THIS SECTION, THE  TAXPAYER  MAY  NOT  USE  THE
HIRING  OF A QUALIFIED EMPLOYEE THAT IS THE BASIS FOR THIS CREDIT IN THE
BASIS OF ANY OTHER CREDIT ALLOWED UNDER THIS ARTICLE.
  (B) QUALIFIED EMPLOYEE. A QUALIFIED  EMPLOYEE  IS  AN  INDIVIDUAL  WHO
COMMENCES  EMPLOYMENT  BY  THE  QUALIFIED  TAXPAYER  ON OR AFTER JANUARY
FIRST, TWO THOUSAND EIGHTEEN.
  (C) NET NEW JOB. "NET NEW JOB" MEANS JOBS CREATED IN THIS  STATE  THAT
(1)  ARE NEW TO THE STATE, (2) HAVE NOT BEEN TRANSFERRED FROM EMPLOYMENT

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

Comments

Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.

By contributing or voting you agree to the Terms of Participation and verify you are over 13.