Assembly Bill A4951

2023-2024 Legislative Session

Provides a tax credit for small businesses employing a person previously convicted of a crime

download bill text pdf

Sponsored By

Current Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2023-A4951 (ACTIVE) - Details

See Senate Version of this Bill:
S5673
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §§210-B & 606, Tax L
Versions Introduced in Other Legislative Sessions:
2017-2018: A11367
2019-2020: A2757
2021-2022: A2252

2023-A4951 (ACTIVE) - Summary

Provides a tax credit for small businesses employing a person previously convicted of a crime; provides a tax credit of one thousand five hundred dollars for each person employed.

2023-A4951 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4951
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 27, 2023
                                ___________
 
 Introduced  by  M.  of A. KELLES, DARLING, REYES, SMULLEN, GLICK, SIMON,
   AUBRY, McDONOUGH, DAVILA -- read once and referred to the Committee on
   Ways and Means
 
 AN ACT to amend the tax law, in relation to providing a tax  credit  for
   small businesses employing a person previously convicted of a crime

   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 59 to read as follows:
   59. REHABILITATION OPPORTUNITY TAX CREDIT. A TAXPAYER SHALL BE ALLOWED
 A  CREDIT, AGAINST THE TAX IMPOSED BY THIS ARTICLE, OF ONE THOUSAND FIVE
 HUNDRED DOLLARS FOR EACH PERSON PREVIOUSLY CONVICTED OF  A  CRIME  HIRED
 DURING  A  TAXABLE  YEAR  AND  RETAINED FOR FULL-TIME EMPLOYMENT BY SUCH
 BUSINESS FOR AT LEAST SIX MONTHS. SUCH TAX CREDIT  SHALL  BE  APPLICABLE
 ONLY TO BUSINESSES EMPLOYING FIFTY OR FEWER EMPLOYEES.
   §  2. Subparagraph (B) of paragraph 1 of subsection (i) of section 606
 of the tax law is amended by adding a new clause (l) to read as follows:

 (L) REHABILITATION OPPORTUNITY       AMOUNT OF CREDIT UNDER SUBDIVISION
 TAX CREDIT UNDER SUBSECTION (OOO)    FIFTY-NINE OF SECTION TWO HUNDRED
                                      TEN-B
 
   § 3. Section 606 of the tax law is amended by adding a new  subsection
 (ooo) to read as follows:
   (OOO)  REHABILITATION  OPPORTUNITY  TAX  CREDIT.  A  TAXPAYER SHALL BE
 ALLOWED A CREDIT, AGAINST THE TAX IMPOSED BY THIS ARTICLE, OF ONE  THOU-
 SAND  FIVE  HUNDRED  DOLLARS  FOR  EACH PERSON PREVIOUSLY CONVICTED OF A
 CRIME HIRED DURING A TAXABLE YEAR AND RETAINED FOR FULL-TIME  EMPLOYMENT
 BY  SUCH  BUSINESS  FOR  AT  LEAST  SIX MONTHS. SUCH TAX CREDIT SHALL BE
 APPLICABLE ONLY TO BUSINESSES EMPLOYING FIFTY OR FEWER EMPLOYEES.
   § 4. This act shall take effect immediately.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09672-01-3

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