senate Bill S7353

2019-2020 Legislative Session

Establishes a small business tax credit for salary and wages paid to employees for time spent at sexual harassment prevention training

download bill text pdf

Sponsored By

Current 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

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Actions

view actions (1)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 21, 2020 referred to budget and revenue

S7353 (ACTIVE) - Details

Law Section:
Tax Law
Laws Affected:
Amd §§210-B & 606, Tax L

S7353 (ACTIVE) - Summary

Establishes a small business tax credit for salary and wages paid to employees for time spent at sexual harassment prevention training.

S7353 (ACTIVE) - Sponsor Memo

S7353 (ACTIVE) - Bill Text download pdf


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

                                  7353

                            I N  S E N A T E

                            January 21, 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 establishing a  small  busi-
  ness  tax credit for salary and wages paid to employees for time spent
  at sexual harassment prevention training

  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 55 to read as follows:
  55. SMALL BUSINESS TAX CREDIT; SEXUAL HARASSMENT PREVENTION  TRAINING.
(A)  GENERAL.  A  TAXPAYER  WHO  HAS  FIFTY  EMPLOYEES OR LESS, SHALL BE
ALLOWED A CREDIT, TO  BE  COMPUTED  AS  PROVIDED  IN  THIS  SUBDIVISION,
AGAINST  THE  TAX  IMPOSED  BY THIS ARTICLE FOR SALARY AND WAGES PAID BY
SUCH TAXPAYER TO ITS EMPLOYEES  FOR  TIME  SPENT  AT  SEXUAL  HARASSMENT
PREVENTION  TRAINING  REQUIRED  PURSUANT TO SECTION TWO HUNDRED ONE-G OF
THE LABOR LAW.  SUCH CREDIT SHALL BE AVAILABLE ON AN  ANNUAL  BASIS  AND
SHALL  ONLY  BE  MADE AVAILABLE ON ONE SEXUAL HARASSMENT TRAINING COURSE
PER YEAR FOR EACH EMPLOYEE.
  (B) AMOUNT OF CREDIT. THE AMOUNT OF  THE  CREDIT  AUTHORIZED  BY  THIS
SUBDIVISION  SHALL  BE  EQUAL  TO  FIFTY PERCENT OF THE WAGES AND SALARY
ACTUALLY PAID BY THE EMPLOYER TO EACH  EMPLOYEE  OR  FIFTY  DOLLARS  PER
EMPLOYEE, WHICHEVER IS LESS.
  (C)  CARRYOVERS.  THE  CREDIT  ALLOWED  UNDER  THIS SUBDIVISION MAY BE
CLAIMED AND IF NOT FULLY USED IN THE INITIAL YEAR FOR WHICH  THE  CREDIT
IS CLAIMED MAY BE CARRIED OVER, IN ORDER, TO EACH OF THE FIVE SUCCEEDING
TAXABLE YEARS. THE CREDIT AUTHORIZED BY THIS SUBDIVISION MAY NOT BE USED
TO REDUCE THE TAX LIABILITY OF THE CREDIT CLAIMANT BELOW ZERO.
  §  2. Subparagraph (B) of paragraph 1 of subsection (i) of section 606
of the tax law is amended by adding a  new  clause  (xlvi)  to  read  as
follows:

(XLVI) SMALL BUSINESS TAX CREDIT;    COSTS UNDER SUBDIVISION
SEXUAL HARASSMENT PREVENTION         FIFTY-FIVE OF SECTION
TRAINING UNDER SUBSECTION (KKK)      TWO HUNDRED TEN-B

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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