Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 11, 2012 |
referred to investigations and government operations |
Senate Bill S6190
2011-2012 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Investigations And Government Operations 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
co-Sponsors
(D, IP) Senate District
2011-S6190 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9592
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd ยงยง210, 606, 1456 & 1511, Tax L
- Versions Introduced in Other Legislative Sessions:
-
2013-2014:
S1211, A574
2015-2016: A7417
2011-S6190 (ACTIVE) - Sponsor Memo
BILL NUMBER:S6190 TITLE OF BILL: An act to amend the tax law, in relation to enacting the "hire veterans now act"; and providing for the repeal of such provisions upon expiration thereof PURPOSE: This bill would incentivize employers to hire unemployed veterans. SUMMARY OF PROVISIONS: This act will be known as the "hire veterans now act." The bill will provide a tax credit to an employer for hiring and retaining a qualified individual. A qualified individual is defined as a resident of the state who is a veteran, begins employment after January 1, 2012 and before January 1, 2013, has been unemployed for sixty days prior to start of employment and is not employed to replace another employee. An employer will receive a tax credit of $1,000 per retained worker. A "retained worker" is a qualified individual who was employed during the taxable year, was employed for no less than 52 consecutive weeks, was employed full time, not less than 35 hours a week during the fifty-two consecutive weeks period and whose wages during the last 26 weeks equal at least 80% of the
2011-S6190 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6190 I N S E N A T E January 11, 2012 ___________ Introduced by Sen. CARLUCCI -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Govern- ment Operations AN ACT to amend the tax law, in relation to enacting the "hire veterans now act"; and providing for the repeal of such provisions upon expira- tion thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. This act shall be known and may be cited as the "hire veterans now act". S 2. Section 210 of the tax law is amended by adding a new subdivision 24-a to read as follows: 24-A. CREDIT FOR HIRING UNEMPLOYED VETERANS. (A) A TAXPAYER SHALL BE ALLOWED A CREDIT, TO BE COMPUTED AS HEREINAFTER PROVIDED, AGAINST THE TAX IMPOSED BY THIS ARTICLE, FOR HIRING QUALIFIED INDIVIDUALS AND FOR THE RETENTION OF SUCH INDIVIDUALS FOR A PERIOD OF ONE YEAR. (B) FOR PURPOSES OF THIS SUBDIVISION, THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEANINGS: (1) "QUALIFIED EMPLOYER" MEANS ANY EMPLOYER OTHER THAN THE FEDERAL, STATE OR LOCAL GOVERNMENT OR ANY INSTRUMENTALITY THEREOF; (2) "QUALIFIED INDIVIDUAL" MEANS ANY INDIVIDUAL RESIDING IN THIS STATE WHO: (A) IS A VETERAN AS DEFINED IN SUBDIVISION THREE OF SECTION THREE HUNDRED FIFTY OF THE EXECUTIVE LAW; (B) BEGINS EMPLOYMENT WITH A QUALIFIED EMPLOYER AFTER JANUARY FIRST, TWO THOUSAND TWELVE AND BEFORE JANUARY FIRST, TWO THOUSAND THIRTEEN; (C) CERTIFIES BY A SIGNED AFFIDAVIT, UNDER THE PENALTIES OF PERJURY, THAT SUCH INDIVIDUAL HAS NOT BEEN EMPLOYED FOR MORE THAN FORTY HOURS DURING THE SIXTY DAY PERIOD ENDING ON THE DATE SUCH INDIVIDUAL BEGINS SUCH EMPLOYMENT; AND (D) IS NOT EMPLOYED BY THE QUALIFIED EMPLOYER TO REPLACE ANOTHER EMPLOYEE OF SUCH EMPLOYER UNLESS SUCH OTHER EMPLOYEE SEPARATED FROM EMPLOYMENT VOLUNTARILY OR FOR CAUSE; (3) "RETAINED WORKER" MEANS ANY QUALIFIED INDIVIDUAL: EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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