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.
STATE OF NEW YORK
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2757--A
2019-2020 Regular Sessions
IN ASSEMBLY
January 25, 2019
___________
Introduced by M. of A. FERNANDEZ, REYES, GRIFFIN, D'URSO, ROMEO, ARROYO,
RAYNOR, SMULLEN -- read once and referred to the Committee on Ways and
Means -- committee discharged, bill amended, ordered reprinted as
amended and recommitted to said committee
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:
1 Section 1. Section 210-B of the tax law is amended by adding a new
2 subdivision 54 to read as follows:
3 54. Rehabilitation opportunity tax credit. A taxpayer shall be allowed
4 a credit, against the tax imposed by this article, of one thousand five
5 hundred dollars for each person previously convicted of a crime hired
6 during a taxable year and retained for full-time employment by such
7 business for at least six months. Such tax credit shall be applicable
8 only to businesses employing fifty or fewer employees.
9 § 2. Subparagraph (B) of paragraph 1 of subsection (i) of section 606
10 of the tax law is amended by adding a new clause (xlv) to read as
11 follows:
12 (xlv) Rehabilitation opportunityAmount of credit under subdivision
13 tax credit under subsection (kkk)fifty-four of section two hundred
14 ten-B
15 § 3. Section 606 of the tax law is amended by adding a new subsection
16 (kkk) to read as follows:
17 (kkk) Rehabilitation opportunity tax credit. A taxpayer shall be
18 allowed a credit, against the tax imposed by this article, of one thou-
19 sand five hundred dollars for each person previously convicted of a
20 crime hired during a taxable year and retained for full-time employment
21 by such business for at least six months. Such tax credit shall be
22 applicable only to businesses employing fifty or fewer employees.
23 § 4. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD03983-03-9
