NY State Senate Bill 2023-S5673

Senate Bill S5673

2023-2024 Legislative Session

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

download bill text pdf

Current Bill Status - In Senate Committee Budget And Revenue 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

Please enter your contact information

First Name

Last Name

Email Address

A valid email address is required.

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

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 03, 2024	referred to budget and revenue
Mar 13, 2023	referred to budget and revenue

2023-S5673 (ACTIVE) - Details

See Assembly Version of this Bill:: A4951
Current Committee:: Senate Budget And Revenue
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-S5673 (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-S5673 (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S5673

SPONSOR: FERNANDEZ
 
TITLE OF BILL:

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

 
PURPOSE OR GENERAL IDEA OF BILL:

This legislation will provide small businesses with a tax credit for
hiring non-violent felons.

 
SUMMARY OF PROVISIONS:

Section 1: Section of the 210-B of the tax law is amended to establish
the rehabilitation opportunity tax credit. Small Businesses that hire a
previous felon convicted for non-violent crimes for at least 1 year will
be eligible for 51,500 a year.

Section 2: Subparagraph (B) of paragraph 1 of subsection (i) of section
606 of the tax law is amended by adding the new rehabilitation opportu-

nity tax credit clause.

Section 3: Section 606 of the tax law is amended by adding a new
subsection (jjj) stating the rehabilitation opportunity tax credit.

Section 4: This act shall take effective immediately.

 
JUSTIFICATION:

Ex-Felons often have a difficult time to find a job after prison. A
study by the Manhattan Institute found a 20% reduction in return to
crime by nonviolent offenders, who make up the majority of incarcerated
people, if they get a job close after release from incarceration. This
is important because a study by the Bureau of Justice found that nearly
2/3 of released inmates find their way back in jail, three quarters
within 5 years.

Recidivism within ex-felons creates a cycle of incarceration that
continues to keep individuals from re-entering society. While there are
programs to help ex-felons get a job, they are usually limited to each
municipality. A state-wide small-business tax credit would not only
bolster ex-felon employment rates, it would also create financial incen-
tives for small businesses, the backbone of our society.

 
LEGISLATIVE HISTORY:

2018: A11367 - Ways & Means

2019-20: A2757a - Ways & Means

2021-22: A2252 - Ways & Means

 
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:

To Be Determined

 
EFFECTIVE DATE:
This act shall take effective immediately.

2023-S5673 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5673
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                              March 13, 2023
                                ___________
 
 Introduced by Sen. FERNANDEZ -- 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 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

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. 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.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.