Bill Text: NY A00990 | 2019-2020 | General Assembly | Introduced
Bill Title: Establishes high-tech worker-NY.
Spectrum: Partisan Bill (Republican 7-0)
Status: (Introduced - Dead) 2020-07-17 - held for consideration in ways and means [A00990 Detail]
Download: New_York-2019-A00990-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 990 2019-2020 Regular Sessions IN ASSEMBLY January 14, 2019 ___________ Introduced by M. of A. KOLB, PALMESANO, RAIA, HAWLEY, BARCLAY, DiPIETRO, BRABENEC -- read once and referred to the Committee on Ways and Means AN ACT to amend the tax law, in relation to creating high-tech worker-NY The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. This act shall be known and may be cited as "high-tech 2 worker-NY". 3 § 2. Subsection (c) of section 612 of the tax law is amended by adding 4 a new paragraph 43 to read as follows: 5 (43) For taxable years beginning on and after January first, two thou- 6 sand nineteen, the income of a taxpayer, that has completed a high-tech 7 program and has been hired to work in a high-tech job within one year of 8 completing a high-tech program, up to fifty thousand dollars per taxable 9 year for five consecutive years. A "high-tech program" will be defined 10 by the commissioner of education, which may include any college, voca- 11 tional, or certification program. A "high-tech job" will be defined by 12 the commissioner of economic development. 13 § 3. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD04211-01-9