Bill Text: NY S01826 | 2015-2016 | General Assembly | Amended

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Bill Title: Creates a tax credit for employer participants in federally- and/or state-recognized apprenticeship agreements.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2016-01-11 - PRINT NUMBER 1826A [S01826 Detail]

Download: New_York-2015-S01826-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                         1826--A
                               2015-2016 Regular Sessions
                    IN SENATE
                                    January 15, 2015
                                       ___________
        Introduced  by Sen. GALLIVAN -- read twice and ordered printed, and when
          printed to be committed to the Committee on Investigations and Govern-
          ment Operations -- recommitted to the Committee on Investigations  and
          Government  Operations  in  accordance  with  Senate Rule 6, sec. 8 --
          committee discharged, bill amended, ordered reprinted as  amended  and
          recommitted to said committee
        AN ACT to amend the tax law, in relation to an apprenticeship tax credit
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Section 606 of the tax law  is  amended  by  adding  a  new
     2  subsection (ccc) to read as follows:
     3    (ccc)  Empire apprenticeship tax credit. A taxpayer shall be allowed a
     4  credit equal to one thousand dollars for  each  apprentice  employed  by
     5  such  taxpayer  pursuant  to an apprenticeship agreement registered with
     6  the office of apprenticeship of the  employment  and  training  adminis-
     7  tration  of  the  United  States  department  of labor or pursuant to an
     8  apprenticeship agreement as defined in section eight hundred sixteen  of
     9  the labor law provided, however, that an apprentice was in the employ of
    10  the  taxpayer  for  at  least  seven full months of the taxable year and
    11  provided further, however, that  such  credit  shall  not  apply  to  an
    12  apprentice for more than four taxable years.
    13    § 2. This act shall take effect immediately and shall apply to taxable
    14  years beginning on and after January 1, 2016.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD05401-02-6