S07384 Summary:

BILL NOS07384
 
SAME ASSAME AS A08830
 
SPONSORLITTLE
 
COSPNSRCARLUCCI
 
MLTSPNSR
 
Add 187-t, Tax L
 
Allows a tax credit for a taxpayer employing a person who is in recovery with an office of alcoholism and substance abuse services approved rehabilitation center.
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S07384 Actions:

BILL NOS07384
 
01/11/2018REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
02/13/2018REPORTED AND COMMITTED TO FINANCE
05/01/2018COMMITTEE DISCHARGED AND COMMITTED TO RULES
05/01/2018ORDERED TO THIRD READING CAL.931
05/07/2018PASSED SENATE
05/07/2018DELIVERED TO ASSEMBLY
05/07/2018referred to ways and means
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S07384 Committee Votes:

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S07384 Floor Votes:

There are no votes for this bill in this legislative session.
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S07384 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          7384
 
                    IN SENATE
 
                                    January 11, 2018
                                       ___________
 
        Introduced  by  Sen.  LITTLE -- 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 a credit for  employment  of
          persons who are in recovery with an office of alcoholism and substance
          abuse services approved rehabilitation center

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. The tax law is amended by adding a  new  section  187-t  to
     2  read as follows:
     3    §  187-t. Credit for employment of persons who are in recovery with an
     4  office of alcoholism and substance  abuse  services  approved  rehabili-
     5  tation  center.    1. Allowance of credit. A taxpayer shall be allowed a
     6  credit, to be  computed  as  hereinafter  provided,  against  the  taxes
     7  imposed  by  this  article, other than the taxes imposed by sections one
     8  hundred eighty-six-a and one hundred eighty-six-e of this  article,  for
     9  employing  within the state a qualified employee. Provided, however, the
    10  amount of credit allowed by this section  against  the  tax  imposed  by
    11  section  one  hundred eighty-four of this article shall be the excess of
    12  the credit computed under this section over the amount of credit allowed
    13  by this section against the tax imposed by section one  hundred  eighty-
    14  three of this article.
    15    2. Qualified employee. A qualified employee is an individual who:
    16    (a)  is  in  recovery with an office of alcoholism and substance abuse
    17  services approved rehabilitation center; and
    18    (b) has worked on a full-time basis for the employer who  is  claiming
    19  the credit for at least one hundred eighty days or four hundred hours.
    20    3.  Amount  of  credit. Except as provided in subdivision four of this
    21  section, the amount of credit under this section  shall  be  thirty-five
    22  percent  of the first six thousand dollars in qualified first-year wages
    23  earned by each qualified employee. "Qualified  first-year  wages"  means
    24  wages paid or incurred by the taxpayer during the taxable year to quali-
    25  fied  employees which are attributable, with respect to any such employ-
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13756-01-7

        S. 7384                             2
 
     1  ee, to services rendered during the one-year period beginning  with  the
     2  day the employee begins work for the taxpayer.
     3    4.  Credit  where  federal  work  opportunity tax credit applies. With
     4  respect to any qualified employee whose qualified first-year wages under
     5  subdivision three of this section also constitute  qualified  first-year
     6  wages  for  purposes  of  the work opportunity tax credit for vocational
     7  rehabilitation referrals under section fifty-one of the internal revenue
     8  code, the amount of credit  under  this  section  shall  be  thirty-five
     9  percent of the first six thousand dollars in qualified second-year wages
    10  earned  by each such employee. "Qualified second-year wages" means wages
    11  paid or incurred by the taxpayer during the taxable  year  to  qualified
    12  employees  which are attributable, with respect to any such employee, to
    13  services rendered during the one-year period beginning  one  year  after
    14  the employee begins work for the taxpayer.
    15    5.  Carryover.  In  no  event  shall  the credit under this section be
    16  allowed in an amount which will reduce the tax payable to less than  the
    17  applicable  minimum tax fixed by section one hundred eighty-three or one
    18  hundred eighty-five of this article. If, however, the amount  of  credit
    19  allowable  under  this  section  for any taxable year reduces the tax to
    20  such amount, any amount of credit not deductible in  such  taxable  year
    21  may  be  carried over to the following year or years and may be deducted
    22  from the taxpayer's tax for such year or years.
    23    6.  Coordination  with  federal  work  opportunity  tax  credit.   The
    24  provisions  of  sections fifty-one and fifty-two of the internal revenue
    25  code, as such sections applied on October first, nineteen hundred  nine-
    26  ty-six,  that  apply  to  the work opportunity tax credit for vocational
    27  rehabilitation referrals shall apply to the credit under this section to
    28  the  extent  that  such  sections  are  consistent  with  the   specific
    29  provisions of this section, provided that in the event of a conflict the
    30  provisions of this section shall control.
    31    §  2. This act shall take effect immediately, and shall apply to taxa-
    32  ble years beginning on and after January 1, 2018.
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