S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5244
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 7, 2019
                                ___________
 
 Introduced  by  M.  of  A. SCHIMMINGER -- Multi-Sponsored by -- M. of A.
   GALEF, KOLB -- read once and referred to the  Committee  on  Ways  and
   Means
 
 AN  ACT  to amend the tax law, in relation to providing for a tax credit
   for certain training or retraining expenses  incurred  by  a  taxpayer
   subject to the provisions of article 9-A of such law

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subdivision 1 of section 210-B of the tax law is amended by
 adding a new paragraph (g) to read as follows:
   (G) IN ADDITION TO THE CREDIT ALLOWED BY PARAGRAPH (A) OF THIS  SUBDI-
 VISION,  FOR  TAXABLE  YEARS  BEGINNING AFTER DECEMBER THIRTY-FIRST, TWO
 THOUSAND TWENTY, THERE SHALL BE ALLOWED A CREDIT IN AN AMOUNT  EQUAL  TO
 FIVE  PERCENT  OF  THE  EXPENDITURES  PAID OR INCURRED BY A TAXPAYER FOR
 TRAINING OR RETRAINING OF EMPLOYEES IF SUCH  TRAINING  WAS  GIVEN  BY  A
 TAXPAYER  IN AN ELIGIBLE BUSINESS FACILITY. THE COMMISSIONER, IN CONSUL-
 TATION WITH THE DEPARTMENT OF LABOR, SHALL PROMULGATE  RULES  AND  REGU-
 LATIONS TO DETERMINE AND IDENTIFY ELIGIBLE TRAINING PROGRAMS PURSUANT TO
 THIS PARAGRAPH.
   § 2. This act shall take effect immediately.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03682-02-9