Assembly Actions -
Senate Actions - UPPERCASE
|Mar 12, 2020||
referred to ways and means
Assembly Bill A10117
2019-2020 Legislative Session
Archive: Last Bill Status - In Assembly Committee
- In Committee Assembly
- On Floor Calendar Assembly
- Passed Assembly
- Delivered to Governor
- Signed By Governor
2019-A10117 (ACTIVE) - Details
2019-A10117 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 10117 I N A S S E M B L Y March 12, 2020 ___________ Introduced by M. of A. STIRPE -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to establishing a small busi- ness tax credit for salary and wages paid to employees for time spent at sexual harassment prevention training 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 55 to read as follows: 55. SMALL BUSINESS TAX CREDIT; SEXUAL HARASSMENT PREVENTION TRAINING. (A) GENERAL. A TAXPAYER WHO HAS FIFTY EMPLOYEES OR LESS, SHALL BE ALLOWED A CREDIT, TO BE COMPUTED AS PROVIDED IN THIS SUBDIVISION, AGAINST THE TAX IMPOSED BY THIS ARTICLE FOR SALARY AND WAGES PAID BY SUCH TAXPAYER TO ITS EMPLOYEES FOR TIME SPENT AT SEXUAL HARASSMENT PREVENTION TRAINING REQUIRED PURSUANT TO SECTION TWO HUNDRED ONE-G OF THE LABOR LAW. SUCH CREDIT SHALL BE AVAILABLE ON AN ANNUAL BASIS AND SHALL ONLY BE MADE AVAILABLE ON ONE SEXUAL HARASSMENT TRAINING COURSE PER YEAR FOR EACH EMPLOYEE. (B) AMOUNT OF CREDIT. THE AMOUNT OF THE CREDIT AUTHORIZED BY THIS SUBDIVISION SHALL BE EQUAL TO FIFTY PERCENT OF THE WAGES AND SALARY ACTUALLY PAID BY THE EMPLOYER TO EACH EMPLOYEE OR FIFTY DOLLARS PER EMPLOYEE, WHICHEVER IS LESS. (C) CARRYOVERS. THE CREDIT ALLOWED UNDER THIS SUBDIVISION MAY BE CLAIMED AND IF NOT FULLY USED IN THE INITIAL YEAR FOR WHICH THE CREDIT IS CLAIMED MAY BE CARRIED OVER, IN ORDER, TO EACH OF THE FIVE SUCCEEDING TAXABLE YEARS. THE CREDIT AUTHORIZED BY THIS SUBDIVISION MAY NOT BE USED TO REDUCE THE TAX LIABILITY OF THE CREDIT CLAIMANT BELOW ZERO. § 2. Subparagraph (B) of paragraph 1 of subsection (i) of section 606 of the tax law is amended by adding a new clause (xlvi) to read as follows: (XLVI) SMALL BUSINESS TAX CREDIT; COSTS UNDER SUBDIVISION SEXUAL HARASSMENT PREVENTION FIFTY-FIVE OF SECTION TRAINING UNDER SUBSECTION (KKK) TWO HUNDRED TEN-B EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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