Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 21, 2024 |
reported and committed to finance |
Mar 28, 2024 |
print number 4833b |
Mar 28, 2024 |
amend and recommit to investigations and government operations |
Jan 03, 2024 |
referred to investigations and government operations |
Apr 25, 2023 |
reported and committed to finance |
Feb 27, 2023 |
print number 4833a |
Feb 27, 2023 |
amend and recommit to investigations and government operations |
Feb 15, 2023 |
referred to investigations and government operations |
Senate Bill S4833B
2023-2024 Legislative Session
Sponsored By
(D) 42nd Senate District
Current Bill Status - In Senate Committee Finance 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
Actions
Votes
Bill Amendments
2023-S4833 - Details
- See Assembly Version of this Bill:
- A8905
- Current Committee:
- Senate Finance
- Law Section:
- Tax Law
- Laws Affected:
- Add §49, amd §§210-B, 606 & 1511, Tax L
- Versions Introduced in 2021-2022 Legislative Session:
-
S8463, A9171
2023-S4833 - Sponsor Memo
BILL NUMBER: S4833 SPONSOR: SKOUFIS TITLE OF BILL: An act to amend the tax law, in relation to creating a work opportunity tax credit; and providing for the repeal of such provisions upon expira- tion thereof PURPOSE OR GENERAL IDEA OF BILL: This bill would establish in New York State law a Worker Opportunity Tax Credit similar to the existing federal tax credit. SUMMARY OF PROVISIONS: Section one adds a new section 47 to the tax law establishing a Worker Opportunity Tax Credit, details the additional sections of the tax law affected, and specifies to whom the tax credit would apply. Section one also establishes that the total amount of tax credits provided not exceed thirty million dollars.
2023-S4833 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4833 2023-2024 Regular Sessions I N S E N A T E February 15, 2023 ___________ Introduced by Sen. SKOUFIS -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, in relation to creating a work opportunity tax credit; and providing for the repeal of such provisions upon expi- ration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The tax law is amended by adding a new section 48 to read as follows: § 48. WORK OPPORTUNITY TAX CREDIT. (A) GENERAL. A TAXPAYER SUBJECT TO TAX UNDER ARTICLE NINE-A, TWENTY-TWO, OR THIRTY-THREE OF THIS CHAPTER SHALL BE ALLOWED A CREDIT AGAINST SUCH TAX IN AN AMOUNT EQUAL TO ONE HUNDRED PERCENT OF THE CREDIT THAT IS ALLOWED TO THE TAXPAYER UNDER SECTION 51 OF THE INTERNAL REVENUE CODE THAT IS ATTRIBUTABLE TO QUALI- FIED WAGES PAID TO A NEW YORK RESIDENT WHO IS A MEMBER OF A TARGETED GROUP AND FOR WHOM A CERTIFICATE TO THAT EFFECT HAS BEEN ISSUED BY THE DEPARTMENT OF LABOR. (B) DEFINITIONS. THE TERMS "QUALIFIED WAGES" AND "TARGETED GROUP" SHALL HAVE THE SAME MEANINGS AS IN SECTION 51 OF THE INTERNAL REVENUE CODE. (C) EFFECT ON OTHER TAX CREDITS. WAGES WHICH ARE THE BASIS OF THE CREDIT UNDER THIS SECTION MAY NOT BE USED AS THE BASIS FOR ANY OTHER CREDIT ALLOWED UNDER THIS CHAPTER. (D) LIMIT ON TAX CREDITS ISSUED. OVER THE LIFETIME OF THE TAX CREDIT, THE TOTAL AMOUNT OF TAX CREDITS PROVIDED FOR UNDER THIS SECTION SHALL NOT EXCEED THIRTY MILLION DOLLARS. (E) CROSS-REFERENCES. FOR APPLICATION OF THE CREDIT PROVIDED FOR IN THIS SECTION, SEE THE FOLLOWING PROVISIONS OF THIS CHAPTER: (1) ARTICLE 9-A: SECTION 210-B, SUBDIVISION 59; (2) ARTICLE 22: SECTION 606, SUBSECTION (BBB); EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06643-02-3
co-Sponsors
(D, WF) 17th Senate District
(D) 26th Senate District
2023-S4833A - Details
- See Assembly Version of this Bill:
- A8905
- Current Committee:
- Senate Finance
- Law Section:
- Tax Law
- Laws Affected:
- Add §49, amd §§210-B, 606 & 1511, Tax L
- Versions Introduced in 2021-2022 Legislative Session:
-
S8463, A9171
2023-S4833A - Sponsor Memo
BILL NUMBER: S4833A SPONSOR: SKOUFIS TITLE OF BILL: An act to amend the tax law, in relation to creating a work opportunity tax credit; and providing for the repeal of such provisions upon expira- tion thereof PURPOSE OR GENERAL IDEA OF BILL: This bill would establish in New York State law a Worker Opportunity Tax Credit similar to the existing federal tax credit. SUMMARY OF PROVISIONS: Section one adds a new section 47 to the tax law establishing a Worker Opportunity Tax Credit, details the additional sections of the tax law affected, and specifies to whom the tax credit would apply. Section one also establishes that the total amount of tax credits provided not exceed thirty million dollars.
2023-S4833A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4833--A 2023-2024 Regular Sessions I N S E N A T E February 15, 2023 ___________ Introduced by Sen. SKOUFIS -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to creating a work opportunity tax credit; and providing for the repeal of such provisions upon expi- ration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The tax law is amended by adding a new section 48 to read as follows: § 48. WORK OPPORTUNITY TAX CREDIT. (A) GENERAL. A TAXPAYER SUBJECT TO TAX UNDER ARTICLE NINE-A, TWENTY-TWO, OR THIRTY-THREE OF THIS CHAPTER SHALL BE ALLOWED A CREDIT AGAINST SUCH TAX IN AN AMOUNT EQUAL TO ONE HUNDRED PERCENT OF THE CREDIT THAT IS ALLOWED TO THE TAXPAYER UNDER SECTION 51 OF THE INTERNAL REVENUE CODE THAT IS ATTRIBUTABLE TO QUALI- FIED WAGES PAID TO A NEW YORK RESIDENT WHO IS A MEMBER OF A TARGETED GROUP AND FOR WHOM A CERTIFICATE TO THAT EFFECT HAS BEEN ISSUED BY THE DEPARTMENT OF LABOR. (B) DEFINITIONS. THE TERMS "QUALIFIED WAGES" AND "TARGETED GROUP" SHALL HAVE THE SAME MEANINGS AS IN SECTION 51 OF THE INTERNAL REVENUE CODE. (C) EFFECT ON OTHER TAX CREDITS. WAGES WHICH ARE THE BASIS OF THE CREDIT UNDER THIS SECTION MAY NOT BE USED AS THE BASIS FOR ANY OTHER CREDIT ALLOWED UNDER THIS CHAPTER. (D) LIMIT ON TAX CREDITS ISSUED. OVER THE LIFETIME OF THE TAX CREDIT, THE TOTAL AMOUNT OF TAX CREDITS PROVIDED FOR UNDER THIS SECTION SHALL NOT EXCEED THIRTY MILLION DOLLARS. (E) CROSS-REFERENCES. FOR APPLICATION OF THE CREDIT PROVIDED FOR IN THIS SECTION, SEE THE FOLLOWING PROVISIONS OF THIS CHAPTER: (1) ARTICLE 9-A: SECTION 210-B, SUBDIVISION 59; EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06643-04-3
co-Sponsors
(D, WF) 17th Senate District
(D) 26th Senate District
(D, WF) 47th Senate District
2023-S4833B (ACTIVE) - Details
- See Assembly Version of this Bill:
- A8905
- Current Committee:
- Senate Finance
- Law Section:
- Tax Law
- Laws Affected:
- Add §49, amd §§210-B, 606 & 1511, Tax L
- Versions Introduced in 2021-2022 Legislative Session:
-
S8463, A9171
2023-S4833B (ACTIVE) - Sponsor Memo
BILL NUMBER: S4833B SPONSOR: SKOUFIS TITLE OF BILL: An act to amend the tax law, in relation to creating a work opportunity tax credit; and providing for the repeal of such provisions upon expira- tion thereof PURPOSE OR GENERAL IDEA OF BILL: This bill would establish in New York State law a Worker Opportunity Tax Credit similar to the existing federal tax credit. SUMMARY OF PROVISIONS: Section 1 adds a new section 48 to the tax law establishing a Worker Opportunity Tax Credit, details the additional sections of the tax law affected, and specifies to whom the tax credit would apply. Section one also establishes that the total amount of tax credits provided not exceed thirty million dollars.
2023-S4833B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4833--B 2023-2024 Regular Sessions I N S E N A T E February 15, 2023 ___________ Introduced by Sens. SKOUFIS, CHU, GOUNARDES -- read twice and ordered printed, and when printed to be committed to the Committee on Investi- gations and Government Operations -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee -- recommitted to the Committee on Investigations and Government Operations in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the tax law, in relation to creating a work opportunity tax credit; and providing for the repeal of such provisions upon expi- ration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The tax law is amended by adding a new section 49 to read as follows: § 49. WORK OPPORTUNITY TAX CREDIT. (A) GENERAL. A TAXPAYER SUBJECT TO TAX UNDER ARTICLE NINE-A, TWENTY-TWO, OR THIRTY-THREE OF THIS CHAPTER SHALL BE ALLOWED A CREDIT AGAINST SUCH TAX IN AN AMOUNT EQUAL TO ONE HUNDRED PERCENT OF THE CREDIT THAT IS ALLOWED TO THE TAXPAYER UNDER SECTION 51 OF THE INTERNAL REVENUE CODE THAT IS ATTRIBUTABLE TO QUALI- FIED WAGES PAID TO A NEW YORK RESIDENT WHO IS A MEMBER OF A TARGETED GROUP AND FOR WHOM A CERTIFICATE TO THAT EFFECT HAS BEEN ISSUED BY THE DEPARTMENT OF LABOR. (B) DEFINITIONS. THE TERMS "QUALIFIED WAGES" AND "TARGETED GROUP" SHALL HAVE THE SAME MEANINGS AS IN SECTION 51 OF THE INTERNAL REVENUE CODE. (C) EFFECT ON OTHER TAX CREDITS. WAGES WHICH ARE THE BASIS OF THE CREDIT UNDER THIS SECTION MAY NOT BE USED AS THE BASIS FOR ANY OTHER CREDIT ALLOWED UNDER THIS CHAPTER. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06643-07-4 S. 4833--B 2
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