The New York State Senate

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

                                  7022

                            I N  S E N A T E

                               (PREFILED)

                             January 8, 2020
                               ___________

Introduced  by  Sen.  KAPLAN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Budget and Revenue

AN ACT to amend the tax law, in relation to extending the hire a veteran
  tax credit for an additional two years

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

  Section 1. Paragraph (a) and subparagraph 2 of paragraph (b) of subdi-
vision  29  of  section 210-B of the tax law, as amended by section 1 of
part Q of chapter 59 of the  laws  of  2018,  are  amended  to  read  as
follows:
  (a) Allowance of credit. For taxable years beginning on or after Janu-
ary  first,  two thousand fifteen and before January first, two thousand
[twenty-one] TWENTY-THREE, a taxpayer shall be allowed a credit,  to  be
computed  as  provided  in  this subdivision, against the tax imposed by
this article, for hiring and employing, for not less than one  year  and
for not less than thirty-five hours each week, a qualified veteran with-
in the state. The taxpayer may claim the credit in the year in which the
qualified  veteran  completes one year of employment by the taxpayer. If
the taxpayer claims the  credit  allowed  under  this  subdivision,  the
taxpayer may not use the hiring of a qualified veteran that is the basis
for  this  credit  in  the  basis of any other credit allowed under this
article.
  (2) who commences employment by the qualified  taxpayer  on  or  after
January  first,  two  thousand  fourteen,  and before January first, two
thousand [twenty] TWENTY-TWO; and
  § 2. Paragraph 1 and subparagraph (B) of  paragraph  2  of  subsection
(a-2)  of  section 606 of the tax law, as amended by section 2 of part Q
of chapter 59 of the laws of 2018, are amended to read as follows:
  (1) Allowance of credit. For taxable years beginning on or after Janu-
ary first, two thousand fifteen and before January first,  two  thousand
[twenty-one]  TWENTY-THREE,  a taxpayer shall be allowed a credit, to be
computed as provided in this subsection, against the tax imposed by this
article, for hiring and employing, for not less than one  year  and  for

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14126-02-9

S. 7022                             2

not  less  than  thirty-five hours each week, a qualified veteran within
the state.  The taxpayer may claim the credit in the year in  which  the
qualified  veteran  completes one year of employment by the taxpayer. If
the  taxpayer  claims  the  credit  allowed  under  this subsection, the
taxpayer may not use the hiring of a qualified veteran that is the basis
for this credit in the basis of any  other  credit  allowed  under  this
article.
  (B)  who  commences  employment  by the qualified taxpayer on or after
January first, two thousand fourteen,  and  before  January  first,  two
thousand [twenty] TWENTY-TWO; and
  §  3.  Paragraph  1 and subparagraph (B) of paragraph 2 of subdivision
(g-1) of section 1511 of the tax law, as amended by section 3 of part  Q
of chapter 59 of the laws of 2018, are amended to read as follows:
  (1) Allowance of credit. For taxable years beginning on or after Janu-
ary  first,  two thousand fifteen and before January first, two thousand
[twenty-one] TWENTY-THREE, a taxpayer shall be allowed a credit,  to  be
computed  as  provided  in  this subdivision, against the tax imposed by
this article, for hiring and employing, for not less than one  year  and
for not less than thirty-five hours each week, a qualified veteran with-
in  the  state.   The taxpayer may claim the credit in the year in which
the qualified veteran completes one year of employment by the  taxpayer.
If  the  taxpayer  claims the credit allowed under this subdivision, the
taxpayer may not use the hiring of a qualified veteran that is the basis
for this credit in the basis of any  other  credit  allowed  under  this
article.
  (B)  who  commences  employment  by the qualified taxpayer on or after
January first, two thousand fourteen,  and  before  January  first,  two
thousand [twenty] TWENTY-TWO; and
  § 4. This act shall take effect immediately.