Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2018 |
referred to investigations and government operations |
May 22, 2017 |
print number 5971a |
May 22, 2017 |
amend and recommit to investigations and government operations |
May 09, 2017 |
referred to investigations and government operations |
Senate Bill S5971A
2017-2018 Legislative Session
Sponsored By
(D, WF) 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
Bill Amendments
co-Sponsors
(D) Senate District
(D) Senate District
2017-S5971 - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §210-B, Tax L
- Versions Introduced in 2019-2020 Legislative Session:
-
S2712
2017-S5971 - Sponsor Memo
BILL NUMBER: S5971 REVISED MEMO 05/15/2017 TITLE OF BILL : An act to amend the tax law, in relation to providing a tax credit to employers who subsidize an employee's use of public transportation PURPOSE : To provide a tax credit to employers who subsidize a portion or the entirety of an employee's use of public transportation. SUMMARY OF PROVISIONS : Section one amends the section 210-B of the tax law by adding new subdivision 52 to establish a tax credit for the cost incurred by employers who subsidize the cost of public transportation for employees. Section two established the effective date. EXISTING LAW : New law JUSTIFICATION :
2017-S5971 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5971 2017-2018 Regular Sessions I N S E N A T E May 9, 2017 ___________ Introduced by Sen. KENNEDY -- 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 providing a tax credit to employers who subsidize an employee's use of public transportation THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 210-B of the tax law is amended by adding a new subdivision 53 to read as follows: 53. EMPLOYER TRANSPORTATION CREDIT. (A) A TAXPAYER SHALL BE ALLOWED A CREDIT, TO BE COMPUTED AS HEREINAFTER PROVIDED, AGAINST THE TAX IMPOSED BY THIS ARTICLE. THE AMOUNT OF THE CREDIT SHALL BE EQUAL TO EITHER: (I) FIFTEEN PERCENT OF THE EXPENSES INCURRED DURING A TAXABLE YEAR IN PROVIDING PUBLIC TRANSPORTATION SERVICES FOR EMPLOYEES, PROVIDED THAT THE TAXPAYER CONTRIBUTE AT LEAST FIFTY PERCENT OF AN EMPLOYEE'S TOTAL PUBLIC TRANSPORTATION SERVICE COST. (II) TWENTY-FIVE PERCENT OF THE EXPENSES INCURRED DURING A TAXABLE YEAR IN PROVIDING PUBLIC TRANSPORTATION SERVICES FOR EMPLOYEES, PROVIDED THAT THE TAXPAYER CONTRIBUTE ONE HUNDRED PERCENT OF AN EMPLOYEE'S TOTAL PUBLIC TRANSPORTATION SERVICE COST. (B) FOR THE PURPOSES OF THIS SUBDIVISION, "PUBLIC TRANSPORTATION SERVICE" SHALL HAVE THE SAME DEFINITION AS IN PARAGRAPH FIVE OF SECTION SEVENTY-THREE-C OF THE TRANSPORTATION LAW. (C) A TAXPAYER MAY CONTRIBUTE TO AN EMPLOYEE'S TOTAL TRANSPORTATION SERVICE COST IN THE FOLLOWING MANNERS: (I) BY REIMBURSING AN EMPLOYEE DIRECTLY FOR THE COST OF THE EXPENSES INCURRED FOR SERVICES; (II) BY PROVIDING PASSES FOR PURCHASE DIRECTLY TO EMPLOYEES AT A DISCOUNTED RATE; OR (III) BY ALLOWING EMPLOYEES TO INCUR A PAYROLL DEDUCTION. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD10961-02-7
co-Sponsors
(D) Senate District
(D) 32nd Senate District
2017-S5971A (ACTIVE) - Details
- Current Committee:
- Senate Investigations And Government Operations
- Law Section:
- Tax Law
- Laws Affected:
- Amd §210-B, Tax L
- Versions Introduced in 2019-2020 Legislative Session:
-
S2712
2017-S5971A (ACTIVE) - Sponsor Memo
BILL NUMBER: S5971A PURPOSE : To provide a tax credit to employers who subsidize a portion or the entirety of an employee's use of public transportation. SUMMARY OF PROVISIONS : Section one amends the section 210-B of the tax law by adding new subdivision 52 to establish a tax credit for the cost incurred by employers who subsidize the cost of public transportation for employees. Section two established the effective date. EXISTING LAW : New law JUSTIFICATION : In the past decade the ridership of public transportation systems in New York State has drastically decreased. Currently regions outside of New York City do not have a robust enough financial infrastructure to support their transportation needs.
2017-S5971A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5971--A 2017-2018 Regular Sessions I N S E N A T E May 9, 2017 ___________ Introduced by Sens. KENNEDY, HAMILTON, LATIMER -- read twice and ordered printed, and when printed to be committed to the Committee on Investi- gations and Government Operations -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee AN ACT to amend the tax law, in relation to providing a tax credit to employers who subsidize an employee's use of public transportation THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 210-B of the tax law is amended by adding a new subdivision 53 to read as follows: 53. EMPLOYER TRANSPORTATION CREDIT. (A) A TAXPAYER SHALL BE ALLOWED A CREDIT, TO BE COMPUTED AS HEREINAFTER PROVIDED, AGAINST THE TAX IMPOSED BY THIS ARTICLE. THE AMOUNT OF THE CREDIT SHALL BE EQUAL TO EITHER: (I) FIFTEEN PERCENT OF THE EXPENSES INCURRED DURING A TAXABLE YEAR IN PROVIDING PUBLIC TRANSPORTATION SERVICES FOR EMPLOYEES, PROVIDED THAT THE TAXPAYER CONTRIBUTE AT LEAST FIFTY PERCENT OF AN EMPLOYEE'S TOTAL PUBLIC TRANSPORTATION SERVICE COST. (II) TWENTY-FIVE PERCENT OF THE EXPENSES INCURRED DURING A TAXABLE YEAR IN PROVIDING PUBLIC TRANSPORTATION SERVICES FOR EMPLOYEES, PROVIDED THAT THE TAXPAYER CONTRIBUTE ONE HUNDRED PERCENT OF AN EMPLOYEE'S TOTAL PUBLIC TRANSPORTATION SERVICE COST. (B) FOR THE PURPOSES OF THIS SUBDIVISION, "PUBLIC TRANSPORTATION SERVICE" SHALL HAVE THE SAME DEFINITION AS IN SUBDIVISION FIVE OF SECTION SEVENTY-THREE-C OF THE TRANSPORTATION LAW. (C) A TAXPAYER MAY CONTRIBUTE TO AN EMPLOYEE'S TOTAL TRANSPORTATION SERVICE COST IN THE FOLLOWING MANNERS: (I) BY REIMBURSING AN EMPLOYEE DIRECTLY FOR THE COST OF THE EXPENSES INCURRED FOR SERVICES; (II) BY PROVIDING PASSES FOR PURCHASE DIRECTLY TO EMPLOYEES AT A DISCOUNTED RATE; OR EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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