|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2020||referred to budget and revenue|
senate Bill S7022
Archive: Last Bill Status - In Senate Committee Budget And Revenue Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S7022 (ACTIVE) - Details
- Current Committee:
- Senate Budget And Revenue
- Law Section:
- Tax Law
- Laws Affected:
- Amd §§210-B, 606 & 1511, Tax L
S7022 (ACTIVE) - Sponsor Memo
BILL NUMBER: S7022 SPONSOR: KAPLAN TITLE OF BILL: An act to amend the tax law, in relation to extending the hire a veteran tax credit for an additional two years PURPOSE: This legislation extends for an additional two years the hire a veteran tax credit. SUMMARY OF PROVISIONS: Section 1 amends Paragraphs (a) and (b) of subdivision 29 of section 210-B of the tax law to extend from 2021 to 2023 the hire a veteran tax credit. This section also changes from January 2020 to January 2022 the date for when an employee needs to commence employment in order to be eligible.
S7022 (ACTIVE) - Bill Text download pdf
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
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