Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 19, 2010 |
print number 5264b |
May 19, 2010 |
amend (t) and recommit to labor |
Mar 23, 2010 |
print number 5264a |
Mar 23, 2010 |
amend (t) and recommit to labor |
Jan 06, 2010 |
referred to labor |
Apr 27, 2009 |
referred to labor |
Senate Bill S5264
2009-2010 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Labor Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Bill Amendments
co-Sponsors
(R, C, IP) Senate District
(R, C, IP) Senate District
(R, C, Ind, WF) Senate District
(R, C, IP) Senate District
2009-S5264 - Details
- See Assembly Version of this Bill:
- A10085
- Current Committee:
- Senate Labor
- Law Section:
- Labor Law
- Laws Affected:
- Amd §§210 & 606, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S3999
2013-2014: S2117
2015-2016: S3701
2017-2018: S3783
2019-2020: S4857
2021-2022: S5141
2023-2024: S4841
2009-S5264 - Sponsor Memo
BILL NUMBER: S5264 TITLE OF BILL : An act to amend the labor law, in relation to the creation of a New York jobs development tax credit; and to amend the tax law, in relation to an employment incentive income tax credit available to employers who employ individuals previously receiving unemployment benefits PURPOSE : This bill would give incentives, through unemployment tax credits and income tax credits, to businesses who hire individuals currently receiving unemployment benefits SUMMARY OF SPECIFIC PROVISIONS : Section 1 - provides that the Commissioner of Labor shall make a request within fifteen days of the effective date of this act for a determination by the United States Secretary of Labor that implementation of sections 2,3,4 and 5 are in conformity with federal law. Section 2 - adds a new Labor Law section 582, relating to unemployment insurance taxes, called the New York Jobs Development Tax Credit. The credit against unemployment insurance payments will be not less than $25 and not more than $125 per individual employee per calendar quarter, as determined by the Commissioner based upon his or her evaluation of the condition of the New York Labor market, state of the economy and the statewide reserve ratio. The credit may be claimed by an employer for up to four calendar quarters with respect to an
2009-S5264 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5264 2009-2010 Regular Sessions I N S E N A T E April 27, 2009 ___________ Introduced by Sen. RANZENHOFER -- read twice and ordered printed, and when printed to be committed to the Committee on Labor AN ACT to amend the labor law, in relation to the creation of a New York jobs development tax credit; and to amend the tax law, in relation to an employment incentive income tax credit available to employers who employ individuals previously receiving unemployment benefits THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The commissioner of labor of the state of New York shall make a request within fifteen days of the effective date of this act for a determination by the United States secretary of labor that implementa- tion of sections two, three, four and five of this act are in conformity with federal law. S 2. The labor law is amended by adding a new section 582 to read as follows: S 582. NEW YORK JOBS DEVELOPMENT TAX CREDIT. THERE SHALL BE A CREDIT TO BE KNOWN AS THE "NEW YORK JOBS DEVELOPMENT TAX CREDIT". THE AMOUNT OF THE CREDIT SHALL NOT BE LESS THAN TWENTY-FIVE DOLLARS AND NOT MORE THAN ONE HUNDRED TWENTY-FIVE DOLLARS PER INDIVIDUAL EMPLOYEE PER CALENDAR QUARTER. THE DETERMINATION OF THE AMOUNT OF THE CREDIT, WITHIN THE PERMISSIBLE RANGE, SHALL BE MADE AND PERIODICALLY REVISED BY THE COMMIS- SIONER BASED ON THE COMMISSIONER'S EVALUATION OF CONDITIONS IN THE NEW YORK LABOR MARKET, THE STATE OF THE ECONOMY, AND THE STATE-WIDE RESERVE RATIO. THE CREDIT MAY BE CLAIMED BY AN EMPLOYER FOR UP TO FOUR CALENDAR QUARTERS WITH RESPECT TO AN INDIVIDUAL HIRED BY THAT EMPLOYER FOR SERVICES TO BE PERFORMED IN THIS STATE UNDER THE FOLLOWING CONDITIONS: 1. SUCH INDIVIDUAL: (A) HAS FILED A CLAIM FOR UNEMPLOYMENT COMPENSATION IN THIS STATE AND IS CURRENTLY RECEIVING WEEKLY UNEMPLOYMENT COMPENSATION BENEFITS ON THAT CLAIM UNDER THE PROVISIONS OF TITLE SEVEN OF ARTICLE EIGHTEEN OF THIS EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11574-01-9
co-Sponsors
(R, C, IP) Senate District
(R, C, IP) Senate District
(R, C, Ind, WF) Senate District
(R, C, IP) Senate District
2009-S5264A - Details
- See Assembly Version of this Bill:
- A10085
- Current Committee:
- Senate Labor
- Law Section:
- Labor Law
- Laws Affected:
- Amd §§210 & 606, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S3999
2013-2014: S2117
2015-2016: S3701
2017-2018: S3783
2019-2020: S4857
2021-2022: S5141
2023-2024: S4841
2009-S5264A - Sponsor Memo
BILL NUMBER: S5264A TITLE OF BILL : An act to amend the labor law, in relation to the creation of a New York jobs development credit; and to amend the tax law, in relation to an employment incentive income tax credit available to employers who employ individuals previously receiving unemployment benefits PURPOSE : This bill would give incentives, through unemployment tax credits and income tax credits, to businesses who hire individuals currently receiving unemployment benefits. SUMMARY OF SPECIFIC PROVISIONS : SECTION 1 - provides that the Commissioner of Labor shall make an expedited request within fifteen days of the effective date of this act for a determination by the United States Secretary of Labor that implementation of Sections 2 and 3 are in conformity with federal law , and that a waiver be sought if necessary. SECTION 2 - adds a new Labor Law Section 582, relating to unemployment insurance taxes, called the New York Jobs Development Credit. The credit against unemployment insurance payments will be $75 per individual employee per calendar quarter. The credit may be claimed by an employer for up to four calendar quarters with respect
2009-S5264A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5264--A 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 AN ACT to amend the labor law, in relation to the creation of a New York jobs development credit; and to amend the tax law, in relation to an employment incentive income tax credit available to employers who employ individuals previously receiving unemployment benefits THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The commissioner shall make an expedited request within fifteen days of the effective date of this act for a determination by the United States secretary of labor that implementation of sections two and three of this act is in conformity with federal law. If the United States secretary of labor determines that any provision in section two or three of this act is not in conformity with federal law, then sections two and three shall not become effective. Upon such determi- nation the commissioner shall take all necessary steps to obtain a waiv- er of conformity with federal law from the United States secretary of labor. If such waiver is granted, sections two and three shall become effective immediately. If the United States secretary of labor deter- mines that sections two and three of this act are in conformity with federal law, sections two and three of this act shall become effective immediately. S 2. The labor law is amended by adding a new section 582 to read as follows: S 582. NEW YORK JOBS DEVELOPMENT CREDIT. THERE SHALL BE A CREDIT AGAINST CONTRIBUTION TO BE KNOWN AS THE "NEW YORK JOBS DEVELOPMENT CRED- IT". THE AMOUNT OF THE CREDIT SHALL BE SEVENTY-FIVE DOLLARS PER INDIVID- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11574-04-0
co-Sponsors
(R, C, IP) Senate District
(R, C, IP) Senate District
(R, C, Ind, WF) Senate District
(R, C, IP) Senate District
2009-S5264B (ACTIVE) - Details
- See Assembly Version of this Bill:
- A10085
- Current Committee:
- Senate Labor
- Law Section:
- Labor Law
- Laws Affected:
- Amd §§210 & 606, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2011-2012:
S3999
2013-2014: S2117
2015-2016: S3701
2017-2018: S3783
2019-2020: S4857
2021-2022: S5141
2023-2024: S4841
2009-S5264B (ACTIVE) - Sponsor Memo
BILL NUMBER: S5264B REVISED 05/21/10 TITLE OF BILL : An act to amend the tax law, in relation to a jobs development incentive income tax credit available to employers who employ individuals previously receiving unemployment benefits PURPOSE OF THE BILL : This bill would give incentives, through income tax credits, to businesses who hire individuals currently receiving unemployment benefits. SUMMARY OF SPECIFIC PROVISIONS : Section 1- Amends Tax Law Section 210 relating to franchise taxes on business corporations, to add a new subdivision 41 granting an employment incentive tax credit. The credit is in the amount of 2,400 for each creditable employee, as defined in the section. Section 2- Amends Tax Law Section 606, relating to personal income taxes, by adding a new subsection (qq) granting an employee incentive tax credit in the amount of $2,400 per creditable employee, as defined in the section. Section 3- Amends subparagraph (B) of paragraph 1 of subsection (i) of Section 606 of the Tax Law, relating to S corporations, by adding a
2009-S5264B (ACTIVE) - Bill Text download pdf
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: Section 1. Section 210 of the tax law is amended by adding a new subdivision 41 to read as follows: 41. JOBS DEVELOPMENT INCENTIVE TAX CREDIT. (A) A TAXPAYER SHALL BE ALLOWED A CREDIT, TO BE COMPUTED AS HEREINAFTER PROVIDED, AGAINST THE TAX IMPOSED BY THIS ARTICLE IN THE AMOUNT PRESCRIBED BY THIS SUBDIVISION WHERE SUCH TAXPAYER EMPLOYS ONE OR MORE CREDITABLE EMPLOYEE. (B) THE AMOUNT OF THE CREDIT SHALL BE TWO THOUSAND FOUR HUNDRED DOLLARS FOR EACH CREDITABLE EMPLOYEE. (C) FOR THE PURPOSES OF THIS SUBDIVISION, "CREDITABLE EMPLOYEE" SHALL MEAN A NEW EMPLOYEE OF AN EMPLOYER WHO: (I) IS EMPLOYED BY THE EMPLOYER FOR THE FIRST TIME ON OR AFTER THE EFFECTIVE DATE OF THIS SUBDIVISION; (II) HAS FILED A CLAIM FOR UNEMPLOYMENT COMPENSATION IN THIS STATE; (III) HAS RECEIVED UNEMPLOYMENT BENEFITS IN THIS STATE FOR AT LEAST TWO MONTHS; (IV) IS CURRENTLY RECEIVING WEEKLY UNEMPLOYMENT COMPENSATION BENEFITS ON THAT CLAIM UNDER THE PROVISIONS OF TITLE SEVEN OF ARTICLE EIGHTEEN OF THE LABOR LAW; AND EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11574-06-0
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