Bill Text: NY A04698 | 2017-2018 | General Assembly | Introduced

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Bill Title: Establishes corporate business and personal income tax credits for taxpayers (employers of 100 or fewer) who provide employees with on-the-job training in an amount up to $300 per employee.

Spectrum: Partisan Bill (Republican 6-0)

Status: (Introduced - Dead) 2018-06-14 - held for consideration in ways and means [A04698 Detail]

Download: New_York-2017-A04698-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          4698
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                    February 3, 2017
                                       ___________
        Introduced  by M. of A. KOLB, OAKS, McKEVITT, BARCLAY -- Multi-Sponsored
          by -- M. of A.  CROUCH, GIGLIO, LOPEZ -- read once and referred to the
          Committee on Ways and Means
        AN ACT to amend the tax law, in relation to establishing  a  credit  for
          on-the-job training
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Section 210-B of the tax law is amended  by  adding  a  new
     2  subdivision 52 to read as follows:
     3    52.  Credit  for on-the-job training. (a) General. A taxpayer, who has
     4  one hundred employees or less, shall be allowed a credit, to be computed
     5  as hereinafter provided, against the tax imposed by  this  article,  for
     6  providing on-the-job training to an employee.
     7    (b)  On-the-job  training.    On-the-job  training shall mean training
     8  which is specified in an agreement between the grantee and the  employer
     9  and includes both work experience and training, formalized in an outline
    10  defining each training component and outcomes of the training process.
    11    (c) On-the-job training expenditures. On-the-job training expenditures
    12  shall  include  expenditures  for  the  purchase of either commercial or
    13  customized instructional materials including software, texts, manuals or
    14  equipment that can be used to simulate job tasks; payments  to  consult-
    15  ants,  trainers,  or  instructors who are not employees of the firm; and
    16  costs associated with the use, rental, or lease of a classroom or  other
    17  dedicated space for the training.
    18    (d)  Amount  of  credit.  A  credit shall be allowed for the amount of
    19  on-the-job training expenditures incurred by an employer. The amount  of
    20  credit shall not exceed three hundred dollars per employee for whom such
    21  training has been provided during the taxable year in which such expend-
    22  itures were made.
    23    (e) Carryover. The credit allowed under this subdivision for any taxa-
    24  ble  year  shall  not  reduce the tax due for such year to less than the
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03204-01-7
        A. 4698                             2
     1  amount prescribed in paragraph (d) of subdivision  one  of  section  two
     2  hundred ten of this article.  Provided, however, if the amount of credit
     3  allowable under this subdivision for any taxable year reduces the tax to
     4  such  amount,  any  amount of credit not deductible in such taxable year
     5  may be carried over to the following year or years, and may be  deducted
     6  from the taxpayer's tax for such year or years.
     7    §  2. Subparagraph (B) of paragraph 1 of subsection (i) of section 606
     8  of the tax law is amended by adding a new  clause  (xliii)  to  read  as
     9  follows:
    10  (xliii) Credit for on-the-job        Costs under subdivision
    11  training under subsection (ccc)      fifty-two of
    12                                       section two hundred ten-B
    13    §  3. Section 606 of the tax law is amended by adding a new subsection
    14  (ccc) to read as follows:
    15    (ccc) Credit for on-the-job training. (1) General.   A  taxpayer,  who
    16  has  one  hundred  employees  or  less, shall be allowed a credit, to be
    17  computed as hereinafter provided, against the tax imposed by this  arti-
    18  cle, for providing on-the-job training to an employee.
    19    (2)  On-the-job  training.    On-the-job  training shall mean training
    20  which is specified in an agreement between the grantee and the  employer
    21  and includes both work experience and training, formalized in an outline
    22  defining each training component and outcomes of the training process.
    23    (3) On-the-job training expenditures. On-the-job training expenditures
    24  shall  include  expenditures  for  the  purchase of either commercial or
    25  customized instructional materials including software, texts, manuals or
    26  equipment that can be used to simulate job tasks; payments  to  consult-
    27  ants,  trainers,  or  instructors who are not employees of the firm; and
    28  costs associated with the use, rental, or lease of a classroom or  other
    29  dedicated space for the training.
    30    (4)  Amount  of  credit.  A  credit shall be allowed for the amount of
    31  on-the-job training expenditures incurred by an employer. The amount  of
    32  credit shall not exceed three hundred dollars per employee for whom such
    33  training has been provided during the taxable year in which such expend-
    34  itures were made.
    35    (5) Carryover. If the amount of credit allowable under this subsection
    36  for  any taxable year shall exceed the taxpayer's tax for such tax year,
    37  the excess may be carried over to the following year or years,  and  may
    38  be deducted from the taxpayer's tax for such year or years.
    39    § 4. This act shall take effect immediately and shall apply to taxable
    40  years  beginning  on  and after the first of January next succeeding the
    41  date on which it shall have become a law.