senate Bill S5545

2019-2020 Legislative Session

Establishes a small business tax credit for the employment of disabled persons

download bill text pdf

Sponsored By

Current Bill Status Via A7475 - Passed Senate & Assembly


  • 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 (8)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 14, 2019 returned to assembly
passed senate
3rd reading cal.1390
substituted for s5545
Jun 14, 2019 substituted by a7475
ordered to third reading cal.1390
committee discharged and committed to rules
May 06, 2019 referred to budget and revenue

Co-Sponsors

S5545 (ACTIVE) - Details

See Assembly Version of this Bill:
A7475
Law Section:
Tax Law
Laws Affected:
Amd §§210-B & 606, Tax L; add §25-d, Lab L
Versions Introduced in Other Legislative Sessions:
2011-2012: S4107, A8385
2013-2014: S1907, A570
2015-2016: S4093, A5513
2017-2018: S3688, A1369

S5545 (ACTIVE) - Summary

Establishes a small business tax credit for the employment of disabled persons.

S5545 (ACTIVE) - Sponsor Memo

S5545 (ACTIVE) - Bill Text download pdf


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

    S. 5545                                                  A. 7475

                       2019-2020 Regular Sessions

                      S E N A T E - A S S E M B L Y

                               May 6, 2019
                               ___________

IN SENATE -- Introduced by Sen. ADDABBO -- read twice and ordered print-
  ed,  and  when  printed to be committed to the Committee on Budget and
  Revenue

IN ASSEMBLY -- Introduced by M.  of  A.  CUSICK,  LUPARDO,  BLANKENBUSH,
  COLTON,  WEPRIN, STERN, WALSH -- read once and referred to the Commit-
  tee on Ways and Means

AN ACT to amend the tax law and the labor law, in relation to establish-
  ing a small  business  tax  credit  for  the  employment  of  disabled
  persons;  and providing for the repeal of such provisions upon expira-
  tion thereof

  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 54 to read as follows:
  54. SMALL BUSINESS  TAX  CREDIT;  DISABLED  PERSONS.  (A)  GENERAL.  A
TAXPAYER WHO HAS ONE HUNDRED EMPLOYEES OR LESS, SHALL BE ALLOWED A CRED-
IT,  TO  BE  COMPUTED  AS  PROVIDED IN THIS SUBDIVISION, AGAINST THE TAX
IMPOSED BY THIS ARTICLE FOR EACH DISABLED PERSON HIRED DURING A  TAXABLE
YEAR,  PROVIDED  THAT  SUCH  DISABLED PERSON IS EMPLOYED FOR THIRTY-FIVE
HOURS OR MORE PER WEEK, REMAINS IN THE EMPLOY OF SUCH TAXPAYER  FOR  SIX
MONTHS  OR  MORE  AND THE EMPLOYER SUBMITS VERIFICATION THAT THE CLAIMED
EMPLOYEES MEET THE STATUTORY DEFINITION OF "DISABLED PERSON" PURSUANT TO
PARAGRAPH (D) OF THIS SUBDIVISION.
  (B) AMOUNT OF CREDIT. A CREDIT AUTHORIZED BY THIS SECTION SHALL  EQUAL
FIVE  THOUSAND  DOLLARS  PER  HIRED DISABLED PERSON BUT SHALL NOT EXCEED
TWENTY-FIVE THOUSAND DOLLARS.
  (C) CARRYOVERS.  THE CREDIT ALLOWED UNDER  THIS  SUBDIVISION  FOR  ANY
TAXABLE YEAR SHALL NOT REDUCE THE TAX DUE FOR SUCH YEAR TO LESS THAN THE
AMOUNT  PRESCRIBED  IN  PARAGRAPH  (D) OF SUBDIVISION ONE OF SECTION TWO
HUNDRED TEN OF THIS ARTICLE. HOWEVER, IF THE AMOUNT OF CREDIT  ALLOWABLE

 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.