Bill Text: NY S04762 | 2013-2014 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Reduces from 20 to 10, the number of hours of part-time work needed by employees for employer qualification for the New York youth works tax credit.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2013-12-18 - SIGNED CHAP.536 [S04762 Detail]

Download: New_York-2013-S04762-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         4762
                              2013-2014 Regular Sessions
                                   I N  S E N A T E
                                    April 23, 2013
                                      ___________
       Introduced  by  Sen.  DeFRANCISCO -- read twice and ordered printed, and
         when printed to be committed to the Committee on Labor
       AN ACT to amend the labor law, in relation to  reducing  the  number  of
         hours of part-time work needed by employees for employer qualification
         for the New York youth works tax credit
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Subdivision (c) of section 25-a of the labor law, as  added
    2  by  section 1 of part D of chapter 56 of the laws of 2011, is amended to
    3  read as follows:
    4    (c) A qualified employer shall be entitled to a tax  credit  equal  to
    5  (1)  five hundred dollars per month for up to six months for each quali-
    6  fied employee the employer employs in a full-time  job  or  two  hundred
    7  fifty dollars per month for up to six months for each qualified employee
    8  the  employer  employs in a part-time job of at least [twenty] TEN hours
    9  per week, and (2) one thousand dollars for each qualified  employee  who
   10  is  employed  for  at  least  an  additional six months by the qualified
   11  employer in a full-time job or five hundred dollars for  each  qualified
   12  employee  who  is  employed for at least an additional six months by the
   13  qualified employer in a part-time job of at least [twenty] TEN hours per
   14  week. The tax credits shall be claimed  by  the  qualified  employer  as
   15  specified  in  subdivision  forty-four  of  section  two hundred ten and
   16  subsection (tt) of section six hundred six of the tax law.
   17    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD10482-01-3