New York Senate Bill 541 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 5-0)
Status: Introduced on January 9 2019 - 25% progression, died in committee
Action: 2020-01-08 - REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
Pending: Senate Investigations and Government Operations Committee
Text: Latest bill text (Introduced) [HTML]

Relates to establishing a job creation tax credit; provides that the amount of the credit shall be six percent of the total amount of wages paid to the qualified employee during the employee's first six months of employment and if the qualified employee was receiving unemployment insurance benefits at the time of hire for a minimum of thirteen weeks or is employed directly in the manufacturing process in an eligible industry, the amount of the credit shall be twelve percent of the total amount of wages paid to the qualified employee during the employee's first six months of employment; caps the credit at $750 for any qualified employee and $1500 for any qualified employee who was receiving unemployment insurance benefits at the time of hire for a minimum of thirteen weeks or who is employed directly in the manufacturing process in an eligible industry.

Relates to establishing a job creation tax credit; provides that the amount of the credit shall be six percent of the total amount of wages paid to the qualified employee during the employee's first six months of employment and if the qualified employee was receiving unemployment insurance benefits at the time of hire for a minimum of thirteen weeks or is employed directly in the manufacturing process in an eligible industry, the amount of the credit shall be twelve percent of the total amount of wages paid to the qualified employee during the employee's first six months of employment; caps the credit at $750 for any qualified employee and $1500 for any qualified employee who was receiving unemployment insurance benefits at the time of hire for a minimum of thirteen weeks or who is employed directly in the manufacturing process in an eligible industry.

Sen. Fred Akshar [R]	Sen. Patrick Gallivan [R]	Sen. Pamela Helming [R]	Sen. Joseph Robach [R]
Sen. James Seward [R]

Date	Chamber	Action
2020-01-08	Senate	REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS
2019-01-09	Senate	REFERRED TO INVESTIGATIONS AND GOVERNMENT OPERATIONS

A02461 (Same As) 2020-01-08 - referred to ways and means

Type	Source
Summary	https://www.nysenate.gov/legislation/bills/2019/S541
Text	https://assembly.state.ny.us/leg/?default_fld=&bn=S00541&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S00541