senate Bill S7022

2019-2020 Legislative Session

Relates to extending the hire a veteran tax credit for an additional two years

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Budget And Revenue Committee


  • 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 (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2020 referred to budget and revenue

S7022 (ACTIVE) - Details

Current Committee:
Senate Budget And Revenue
Law Section:
Tax Law
Laws Affected:
Amd §§210-B, 606 & 1511, Tax L

S7022 (ACTIVE) - Summary

Extends the hire a veteran tax credit for an additional two years.

S7022 (ACTIVE) - Sponsor Memo

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

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.

 

Related Recent Legislation