Imposes a tax on certain businesses when people are displaced from their employment due to certain technologies based on the sum of any taxes or fees imposed by the state or any political subdivision thereof computed based on a displaced employee's wage.
NEW YORK STATE ASSEMBLY MEMORANDUM IN SUPPORT OF LEGISLATION submitted in accordance with Assembly Rule III, Sec 1(f)
BILL NUMBER: A3719
SPONSOR: Burke TITLE OF BILL:
An act to amend the tax law, in relation to enacting the "robot tax act"
PURPOSE OR GENERAL IDEA OF BILL:
This bill would tax companies if their adoption of automation, artifi-
cial intelligence, or other technology results in any workers being laid
off or displaced.
SUMMARY OF PROVISIONS:
This bill would tax companies for every employee displaced as a result
of automation, which could include artificial intelligence, manufactur-
ing robots, and other technologies, equivalent to the sum of any taxes
or fees imposed by the state or any political subdivision thereof
computed on an employee's wage.
JUSTIFICATION:
We live in an era of unprecedented advancement, as new technologies,
from artificial intelligence to robotics, are causing unprecedented
increases in workplace automation. According to a 2018 study by the
Middle-Class Jobs Project, 12% of all jobs in New York State were at
risk of being replaced via automation that year, and that percentage is
rising at technology advances. This act would provide greater job secu-
rity for all workers, blue and white collar, and will ensure that compa-
nies continue to pay their fair share as industry becomes more automated
through imposing a tax on any company which displaces a worker through
automation.
PRIOR LEGISLATIVE HISTORY:
10/27/23 referred to ways and means 12/15/23 amend and recommit to ways
and means 12/15/23 print number 8179a 12/18/23 amend (t) and recommit to
ways and means 12/18/23 print number 8179b 01/03/24 referred to ways and
means
FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:
To be determined.
EFFECTIVE DATE:
This act shall take effect immediately and shall apply to taxable years
starting January 1, 2024. Effective immediately, the addition, amendment
and/or repeal of any rule or regulation necessary for the implementation
of this act on its effective date are authorized to be made and
completed on or before such effective date.
