Bill Text: NY S00032 | 2021-2022 | General Assembly | Introduced

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Bill Title: Establishes a small business tax credit for salary and wages paid to employees for time spent at sexual harassment prevention training.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2022-01-05 - REFERRED TO BUDGET AND REVENUE [S00032 Detail]

Download: New_York-2021-S00032-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                           32

                               2021-2022 Regular Sessions

                    IN SENATE

                                       (Prefiled)

                                     January 6, 2021
                                       ___________

        Introduced  by  Sen.  KAPLAN -- read twice and ordered printed, and when
          printed to be committed to the Committee on Budget and Revenue

        AN ACT to amend the tax law, in relation to establishing a  small  busi-
          ness  tax credit for salary and wages paid to employees for time spent
          at sexual harassment prevention 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 55 to read as follows:
     3    55. Small business tax credit; sexual harassment prevention  training.
     4  (a)  General.  A  taxpayer  who  has  fifty  employees or less, shall be
     5  allowed a credit, to  be  computed  as  provided  in  this  subdivision,
     6  against  the  tax  imposed  by this article for salary and wages paid by
     7  such taxpayer to its employees  for  time  spent  at  sexual  harassment
     8  prevention  training  required  pursuant to section two hundred one-g of
     9  the labor law.  Such credit shall be available on an  annual  basis  and
    10  shall  only  be  made available on one sexual harassment training course
    11  per year for each employee.
    12    (b) Amount of credit. The amount of  the  credit  authorized  by  this
    13  subdivision  shall  be  equal  to  fifty percent of the wages and salary
    14  actually paid by the employer to each  employee  or  fifty  dollars  per
    15  employee, whichever is less.
    16    (c)  Carryovers.  The  credit  allowed  under  this subdivision may be
    17  claimed and if not fully used in the initial year for which  the  credit
    18  is claimed may be carried over, in order, to each of the five succeeding
    19  taxable years. The credit authorized by this subdivision may not be used
    20  to reduce the tax liability of the credit claimant below zero.
    21    §  2. Subparagraph (B) of paragraph 1 of subsection (i) of section 606
    22  of the tax law is amended by adding a  new  clause  (xlvi)  to  read  as
    23  follows:

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02010-01-1
        S. 32                               2

     1  (xlvi) Small business tax credit;    Costs under subdivision
     2  sexual harassment prevention         fifty-five of section
     3  training under subsection (kkk)      two hundred ten-B

     4    §  3. Section 606 of the tax law is amended by adding a new subsection
     5  (kkk) to read as follows:
     6    (kkk) (a) General. A taxpayer who has fifty employees or  less,  shall
     7  be  allowed  a  credit,  to  be computed as provided in this subsection,
     8  against the tax imposed by this article for salary  and  wages  paid  by
     9  such  taxpayer  to  its  employees  for  time spent at sexual harassment
    10  prevention training required pursuant to section two  hundred  one-g  of
    11  the  labor  law.   Such credit shall be available on an annual basis and
    12  shall only be made available on one sexual  harassment  training  course
    13  per year for each employee.
    14    (b)  Amount  of  credit.  The  amount of the credit authorized by this
    15  subsection shall be equal to fifty percent of the wages and salary actu-
    16  ally paid by the employer to each employee or fifty dollars per  employ-
    17  ee, whichever is less.
    18    (c)  Carryovers.  The  credit  allowed  under  this  subsection may be
    19  claimed and if not fully used in the initial year for which  the  credit
    20  is claimed may be carried over, in order, to each of the five succeeding
    21  taxable  years. The credit authorized by this subsection may not be used
    22  to reduce the tax liability of the credit claimant below zero.
    23    § 4. This act shall take effect immediately and shall apply to taxable
    24  years beginning on or after January 1, 2022.