Bill Text: NY S05264 | 2009-2010 | General Assembly | Amended
Bill Title: Creates a job development incentive income tax credit available to employers who employ individuals previously receiving unemployment.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2010-05-19 - PRINT NUMBER 5264B [S05264 Detail]
Download: New_York-2009-S05264-Amended.html
S T A T E O F N E W Y O R K
________________________________________________________________________
5264--B
2009-2010 Regular Sessions
I N S E N A T E
April 27, 2009
___________
Introduced by Sens. RANZENHOFER, O. JOHNSON, LITTLE, MORAHAN, PADAVAN,
VOLKER -- read twice and ordered printed, and when printed to be
committed to the Committee on Labor -- recommitted to the Committee on
Labor in accordance with Senate Rule 6, sec. 8 -- committee
discharged, bill amended, ordered reprinted as amended and recommitted
to said committee -- committee discharged, bill amended, ordered
reprinted as amended and recommitted to said committee
AN ACT to amend the tax law, in relation to a jobs development incentive
income tax credit available to employers who employ individuals previ-
ously receiving unemployment benefits
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. Section 210 of the tax law is amended by adding a new
2 subdivision 41 to read as follows:
3 41. JOBS DEVELOPMENT INCENTIVE TAX CREDIT. (A) A TAXPAYER SHALL BE
4 ALLOWED A CREDIT, TO BE COMPUTED AS HEREINAFTER PROVIDED, AGAINST THE
5 TAX IMPOSED BY THIS ARTICLE IN THE AMOUNT PRESCRIBED BY THIS SUBDIVISION
6 WHERE SUCH TAXPAYER EMPLOYS ONE OR MORE CREDITABLE EMPLOYEE.
7 (B) THE AMOUNT OF THE CREDIT SHALL BE TWO THOUSAND FOUR HUNDRED
8 DOLLARS FOR EACH CREDITABLE EMPLOYEE.
9 (C) FOR THE PURPOSES OF THIS SUBDIVISION, "CREDITABLE EMPLOYEE" SHALL
10 MEAN A NEW EMPLOYEE OF AN EMPLOYER WHO:
11 (I) IS EMPLOYED BY THE EMPLOYER FOR THE FIRST TIME ON OR AFTER THE
12 EFFECTIVE DATE OF THIS SUBDIVISION;
13 (II) HAS FILED A CLAIM FOR UNEMPLOYMENT COMPENSATION IN THIS STATE;
14 (III) HAS RECEIVED UNEMPLOYMENT BENEFITS IN THIS STATE FOR AT LEAST
15 TWO MONTHS;
16 (IV) IS CURRENTLY RECEIVING WEEKLY UNEMPLOYMENT COMPENSATION BENEFITS
17 ON THAT CLAIM UNDER THE PROVISIONS OF TITLE SEVEN OF ARTICLE EIGHTEEN OF
18 THE LABOR LAW; AND
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD11574-06-0
S. 5264--B 2
1 (V) SUCH BENEFITS ARE CHARGEABLE TO THE EXPERIENCE RATING ACCOUNT OF
2 AN EMPLOYER UNDER THIS ARTICLE; OR
3 (VI) HAS SUCCESSFULLY COMPLETED A TRAINING PROGRAM PURSUANT TO SECTION
4 FIVE HUNDRED NINETY-NINE OF THE LABOR LAW; AND
5 (VII) PERFORMS SERVICES IN ACCORDANCE WITH SUBDIVISION ONE, TWO OR
6 FOUR OF SECTION FIVE HUNDRED ELEVEN OF THE LABOR LAW;
7 (VIII) REMAINS EMPLOYED BY THE EMPLOYER FOR AT LEAST TWENTY-FOUR
8 CONSECUTIVE MONTHS; AND
9 (IX) DURING THE ENTIRE PERIOD SUCH EMPLOYMENT SHALL CONSIST OF AT
10 LEAST THIRTY HOURS PER WEEK.
11 (D) FOR THE PURPOSES OF THIS SECTION THE FOLLOWING TERMS SHALL HAVE
12 THE FOLLOWING MEANINGS:
13 (I) "NEW EMPLOYEE" SHALL MEAN ANY FULL TIME EMPLOYEE THAT CAUSES THE
14 TOTAL NUMBER OF EMPLOYEES TO INCREASE ABOVE BASE EMPLOYMENT OR CREDIT
15 EMPLOYMENT, WHICHEVER IS HIGHER.
16 (II) "BASE YEAR" SHALL MEAN CALENDAR YEAR TWO THOUSAND NINE.
17 (III) "BASE EMPLOYMENT" SHALL MEAN THE AVERAGE NUMBER OF FULL-TIME
18 EMPLOYEES OR FULL-TIME EQUIVALENT EMPLOYEES DURING THE BASE YEAR. FOR A
19 NEW BUSINESS, BASE EMPLOYMENT SHALL BEGIN AT ZERO.
20 (IV) "CREDIT EMPLOYMENT" SHALL MEAN BASE EMPLOYMENT PLUS THE NUMBER OF
21 NEW EMPLOYEES FOR WHICH A CREDIT IS EARNED.
22 (E) AN EMPLOYER WHO HAS ONE OR MORE CREDITABLE EMPLOYEES SHALL BE
23 ELIGIBLE TO APPLY FOR AND RECEIVE THE CREDIT ESTABLISHED IN THIS SUBDI-
24 VISION. ELIGIBILITY FOR THE CREDIT SHALL BE ESTABLISHED AS OF THE TIME
25 THE CREDITABLE EMPLOYEE COMPLETES TWENTY-FOUR CONSECUTIVE MONTHS OF
26 EMPLOYMENT, AND THE CREDIT SHALL BE CLAIMED FOR THE TAXABLE YEAR IN
27 WHICH THE TWENTY-FOURTH MONTH OF SUCH EMPLOYMENT IS COMPLETED.
28 (F) IN NO EVENT SHALL THE TOTAL AMOUNT OF ANY TAX CREDIT UNDER THIS
29 SUBDIVISION FOR A TAXABLE YEAR EXCEED THE TAXPAYER'S INCOME TAX LIABIL-
30 ITY. ANY UNUSED TAX CREDIT SHALL BE ALLOWED TO BE CARRIED FORWARD TO
31 APPLY TO THE TAXPAYER'S SUCCEEDING FIVE YEARS' TAX LIABILITY. NO SUCH
32 TAX CREDIT SHALL BE ALLOWED THE TAXPAYER AGAINST PRIOR YEARS' TAX
33 LIABILITY.
34 (G) THE CREDIT SHALL BE CLAIMED AND GRANTED IN SUCH MANNER AS SHALL BE
35 SPECIFIED BY RULES ADOPTED BY THE COMMISSIONER.
36 S 2. Section 606 of the tax law is amended by adding a new subsection
37 (qq) to read as follows:
38 (QQ) JOBS DEVELOPMENT INCENTIVE TAX CREDIT. (1) A TAXPAYER SHALL BE
39 ALLOWED A CREDIT, TO BE COMPUTED AS HEREINAFTER PROVIDED, AGAINST THE
40 TAX IMPOSED BY THIS ARTICLE IN THE AMOUNT PRESCRIBED BY THIS SUBSECTION
41 WHERE SUCH TAXPAYER EMPLOYS ONE OR MORE CREDITABLE EMPLOYEE.
42 (2) THE AMOUNT OF THE CREDIT SHALL BE TWO THOUSAND FOUR HUNDRED
43 DOLLARS FOR EACH CREDITABLE EMPLOYEE.
44 (3) FOR THE PURPOSES OF THIS SUBSECTION, "CREDITABLE EMPLOYEE" SHALL
45 MEAN A NEW EMPLOYEE OF AN EMPLOYER WHO:
46 (A) IS EMPLOYED BY THE EMPLOYER FOR THE FIRST TIME ON OR AFTER THE
47 EFFECTIVE DATE OF THIS SUBSECTION;
48 (B) HAS FILED A CLAIM FOR UNEMPLOYMENT COMPENSATION IN THIS STATE;
49 (C) HAS RECEIVED UNEMPLOYMENT BENEFITS IN THIS STATE FOR AT LEAST TWO
50 MONTHS;
51 (D) IS CURRENTLY RECEIVING WEEKLY UNEMPLOYMENT COMPENSATION BENEFITS
52 ON THAT CLAIM UNDER THE PROVISIONS OF TITLE SEVEN OF ARTICLE EIGHTEEN OF
53 THE LABOR LAW; AND
54 (E) SUCH BENEFITS ARE CHARGEABLE TO THE EXPERIENCE RATING ACCOUNT OF
55 AN EMPLOYER UNDER THIS ARTICLE; OR
S. 5264--B 3
1 (F) HAS SUCCESSFULLY COMPLETED A TRAINING PROGRAM PURSUANT TO SECTION
2 FIVE HUNDRED NINETY-NINE OF THE LABOR LAW; AND
3 (G) PERFORMS SERVICES IN ACCORDANCE WITH SUBDIVISION ONE, TWO OR FOUR
4 OF SECTION FIVE HUNDRED ELEVEN OF THE LABOR LAW;
5 (H) REMAINS EMPLOYED BY THE EMPLOYER FOR AT LEAST TWENTY-FOUR CONSEC-
6 UTIVE MONTHS; AND
7 (I) DURING THE ENTIRE PERIOD SUCH EMPLOYMENT SHALL CONSIST OF AT LEAST
8 THIRTY HOURS PER WEEK.
9 (4) FOR THE PURPOSES OF THIS SUBSECTION THE FOLLOWING TERMS SHALL HAVE
10 THE FOLLOWING MEANINGS:
11 (A) "NEW EMPLOYEE" SHALL MEAN ANY FULL TIME EMPLOYEE THAT CAUSES THE
12 TOTAL NUMBER OF EMPLOYEES TO INCREASE ABOVE BASE EMPLOYMENT OR CREDIT
13 EMPLOYMENT, WHICHEVER IS HIGHER.
14 (B) "BASE YEAR" SHALL MEAN CALENDAR YEAR TWO THOUSAND NINE.
15 (C) "BASE EMPLOYMENT" SHALL MEAN THE AVERAGE NUMBER OF FULL TIME
16 EMPLOYEES OR FULL TIME EQUIVALENT EMPLOYEES DURING THE BASE YEAR. FOR A
17 NEW BUSINESS, BASE EMPLOYMENT SHALL BEGIN AT ZERO.
18 (D) "CREDIT EMPLOYMENT" SHALL MEAN BASE EMPLOYMENT PLUS THE NUMBER OF
19 NEW EMPLOYEES FOR WHICH A CREDIT IS EARNED.
20 (5) AN EMPLOYER WHO HAS ONE OR MORE CREDITABLE EMPLOYEES SHALL BE
21 ELIGIBLE TO APPLY FOR AND RECEIVE THE CREDIT ESTABLISHED IN THIS
22 SUBSECTION. ELIGIBILITY FOR THE CREDIT SHALL BE ESTABLISHED AS OF THE
23 TIME THE CREDITABLE EMPLOYEE COMPLETES TWENTY-FOUR CONSECUTIVE MONTHS OF
24 EMPLOYMENT, AND THE CREDIT SHALL BE CLAIMED FOR THE TAXABLE YEAR IN
25 WHICH THE TWENTY-FOURTH MONTH OF SUCH EMPLOYMENT IS COMPLETED.
26 (6) IN NO EVENT SHALL THE TOTAL AMOUNT OF ANY TAX CREDIT UNDER THIS
27 SUBSECTION FOR A TAXABLE YEAR EXCEED THE TAXPAYER'S INCOME TAX LIABIL-
28 ITY. ANY UNUSED TAX CREDIT SHALL BE ALLOWED TO BE CARRIED FORWARD TO
29 APPLY TO THE TAXPAYER'S SUCCEEDING FIVE YEARS' TAX LIABILITY. NO SUCH
30 TAX CREDIT SHALL BE ALLOWED THE TAXPAYER AGAINST PRIOR YEARS' TAX
31 LIABILITY.
32 (7) THE CREDIT SHALL BE CLAIMED AND GRANTED IN SUCH MANNER AS SHALL BE
33 SPECIFIED BY RULES ADOPTED BY THE COMMISSIONER.
34 S 3. Subparagraph (B) of paragraph 1 of subsection (i) of section 606
35 of the tax law is amended by adding a new clause (xxxi) to read as
36 follows:
37 (XXXI) JOBS DEVELOPMENT INCENTIVE AMOUNT OF CREDIT UNDER
38 TAX CREDIT UNDER SUBSECTION (QQ) SUBDIVISION FORTY-ONE OF SECTION
39 TWO HUNDRED TEN OF THIS CHAPTER
40 S 4. This act shall take effect immediately.
