Assembly Bill A4098A

2013-2014 Legislative Session

Establishes a returning veterans tax credit for businesses that hire veterans and disabled veterans

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Sponsored By

Archive: Last Bill Status - In Assembly 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

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Bill Amendments

co-Sponsors

multi-Sponsors

2013-A4098 - Details

See Senate Version of this Bill:
S1707
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §§210 & 606, Tax L
Versions Introduced in Other Legislative Sessions:
2011-2012: A8837, S6024
2015-2016: S6523
2017-2018: S4643
2019-2020: S2230
2021-2022: S647
2023-2024: S1153

2013-A4098 - Summary

Establishes a returning veterans tax credit for businesses that hire veterans and disabled veterans; provides that such tax credit is worth $3,000 per veteran hired or $4,000 for every disabled veteran hired and the total benefit shall not exceed $15,000.

2013-A4098 - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  4098

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                            January 30, 2013
                               ___________

Introduced  by  M. of A. THIELE, SWEENEY, ABINANTI, ENGLEBRIGHT, JAFFEE,
  HEVESI, COLTON, GUNTHER, MAGNARELLI, GIBSON, LUPARDO, ROBERTS,  GALEF,
  McLAUGHLIN,  TENNEY, RAMOS, CASTRO, ROBINSON, SCHIMEL, WEPRIN, HOOPER,
  SCHIMMINGER -- Multi-Sponsored by -- M. of A. CERETTO, CRESPO, CROUCH,
  DUPREY, FINCH, GRAF, JOHNS, KATZ, P. LOPEZ, LOSQUADRO, MARKEY, MONTES-
  ANO, PALMESANO, RA, TITONE, WEISENBERG -- read once  and  referred  to
  the Committee on Ways and Means

AN  ACT  to  amend  the tax law, in relation to establishing a returning
  veterans tax credit for businesses that hire veterans

  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 46 to read as follows:
  46. RETURNING VETERANS TAX CREDIT. (A) GENERAL. A  TAXPAYER  SHALL  BE
ALLOWED  A  CREDIT,  TO  BE  COMPUTED  AS  PROVIDED IN THIS SUBDIVISION,
AGAINST THE TAX IMPOSED BY THIS ARTICLE FOR  EACH  VETERAN  OR  DISABLED
VETERAN HIRED DURING A TAXABLE YEAR, PROVIDED THAT:
  (I)  SUCH  VETERAN  IS  A NEW EMPLOYEE AND IS EMPLOYED FOR THIRTY-FIVE
HOURS OR MORE PER WEEK AND REMAINS IN THE EMPLOY OF  SUCH  TAXPAYER  FOR
TWELVE MONTHS OR MORE; OR
  (II)  SUCH  DISABLED  VETERAN  IS  A  NEW EMPLOYEE WHO IS EMPLOYED FOR
SEVENTEEN AND ONE-HALF HOURS OR MORE PER WEEK AND REMAINS IN THE  EMPLOY
OF SUCH TAXPAYER FOR TWELVE MONTHS OR MORE.
  (B)  AMOUNT OF CREDIT. A CREDIT AUTHORIZED BY THIS SECTION SHALL EQUAL
THREE THOUSAND DOLLARS PER HIRED VETERAN AND FOUR THOUSAND  DOLLARS  PER
HIRED  DISABLED  VETERAN  BUT  SHALL NOT EXCEED FIFTEEN THOUSAND DOLLARS
ANNUALLY.
  (C) CARRYOVERS. THE CREDIT  ALLOWED  UNDER  THIS  SUBDIVISION  MAY  BE
CLAIMED  AND  IF NOT FULLY USED IN THE INITIAL YEAR FOR WHICH THE CREDIT
IS CLAIMED MAY BE CARRIED OVER, IN ORDER, TO EACH OF THE TEN  SUCCEEDING

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05148-01-3

co-Sponsors

multi-Sponsors

2013-A4098A (ACTIVE) - Details

See Senate Version of this Bill:
S1707
Current Committee:
Assembly Ways And Means
Law Section:
Tax Law
Laws Affected:
Amd §§210 & 606, Tax L
Versions Introduced in Other Legislative Sessions:
2011-2012: A8837, S6024
2015-2016: S6523
2017-2018: S4643
2019-2020: S2230
2021-2022: S647
2023-2024: S1153

2013-A4098A (ACTIVE) - Summary

Establishes a returning veterans tax credit for businesses that hire veterans and disabled veterans; provides that such tax credit is worth $3,000 per veteran hired or $4,000 for every disabled veteran hired and the total benefit shall not exceed $15,000.

2013-A4098A (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 4098--A

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                            January 30, 2013
                               ___________

Introduced  by  M. of A. THIELE, SWEENEY, ABINANTI, ENGLEBRIGHT, JAFFEE,
  HEVESI, COLTON, GUNTHER, MAGNARELLI, GIBSON, LUPARDO, ROBERTS,  GALEF,
  McLAUGHLIN,  TENNEY,  RAMOS, ROBINSON, SCHIMEL, WEPRIN, HOOPER, SCHIM-
  MINGER, BRINDISI, HENNESSEY -- Multi-Sponsored by -- M. of A. CERETTO,
  CRESPO, CROUCH, DUPREY, FINCH, GARBARINO, GRAF, JOHNS, KATZ, P. LOPEZ,
  MARKEY, MONTESANO, PALMESANO, RA, TITONE, WEISENBERG -- read once  and
  referred  to  the Committee on Ways and Means -- committee discharged,
  bill amended, ordered reprinted as amended  and  recommitted  to  said
  committee

AN  ACT  to  amend  the tax law, in relation to establishing a returning
  veterans tax credit for businesses that hire veterans

  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 48 to read as follows:
  48. RETURNING VETERANS TAX CREDIT. (A) GENERAL. A  TAXPAYER  SHALL  BE
ALLOWED  A  CREDIT,  TO  BE  COMPUTED  AS  PROVIDED IN THIS SUBDIVISION,
AGAINST THE TAX IMPOSED BY THIS ARTICLE FOR  EACH  VETERAN  OR  DISABLED
VETERAN HIRED DURING A TAXABLE YEAR, PROVIDED THAT:
  (I)  SUCH  VETERAN  IS  A NEW EMPLOYEE AND IS EMPLOYED FOR THIRTY-FIVE
HOURS OR MORE PER WEEK AND REMAINS IN THE EMPLOY OF  SUCH  TAXPAYER  FOR
TWELVE MONTHS OR MORE; OR
  (II)  SUCH  DISABLED  VETERAN  IS  A  NEW EMPLOYEE WHO IS EMPLOYED FOR
SEVENTEEN AND ONE-HALF HOURS OR MORE PER WEEK AND REMAINS IN THE  EMPLOY
OF SUCH TAXPAYER FOR TWELVE MONTHS OR MORE.
  (B)  AMOUNT OF CREDIT. A CREDIT AUTHORIZED BY THIS SECTION SHALL EQUAL
THREE THOUSAND DOLLARS PER HIRED VETERAN AND FOUR THOUSAND  DOLLARS  PER
HIRED  DISABLED  VETERAN  BUT  SHALL NOT EXCEED FIFTEEN THOUSAND DOLLARS
ANNUALLY.
  (C) CARRYOVERS. THE CREDIT  ALLOWED  UNDER  THIS  SUBDIVISION  MAY  BE
CLAIMED  AND  IF NOT FULLY USED IN THE INITIAL YEAR FOR WHICH THE CREDIT

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05148-03-3

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