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S04762 Summary:

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S04762 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         4762--A
 
                               2013-2014 Regular Sessions
 
                    IN SENATE
 
                                     April 23, 2013
                                       ___________
 
        Introduced  by  Sen.  DeFRANCISCO -- read twice and ordered printed, and
          when printed to be committed to the Committee on  Labor  --  committee
          discharged, bill amended, ordered reprinted as amended and recommitted
          to said committee
 
        AN  ACT  to  amend  the labor law, in relation to reducing the number of

          hours of part-time work needed by employees for employer qualification
          for the New York youth works tax credit
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1. Subdivision (c) of section 25-a of the labor law, as added
     2  by section 1 of part D of chapter 56 of the laws of 2011, is amended  to
     3  read as follows:
     4    (c)  A  qualified  employer shall be entitled to a tax credit equal to
     5  (1) five hundred dollars per month for up to six months for each  quali-
     6  fied  employee  the  employer  employs in a full-time job or two hundred
     7  fifty dollars per month for up to six months for each qualified employee
     8  the employer employs in a part-time job of at  least  twenty  hours  per
     9  week  or  ten  hours per week when the qualified employee is enrolled in

    10  high school full-time, and (2) one thousand dollars for  each  qualified
    11  employee  who  is  employed for at least an additional six months by the
    12  qualified employer in a full-time job or five hundred dollars  for  each
    13  qualified employee who is employed for at least an additional six months
    14  by  the  qualified  employer in a part-time job of at least twenty hours
    15  per week or ten hours per week when the qualified employee  is  enrolled
    16  in high school full-time. The tax credits shall be claimed by the quali-
    17  fied  employer  as  specified  in  subdivision forty-four of section two
    18  hundred ten and subsection (tt) of section six hundred six  of  the  tax
    19  law.
    20    § 2. This act shall take effect immediately.
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets

                              [ ] is old law to be omitted.
                                                                   LBD10482-03-3