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NY A03052
Bill
Status
Introduced
1/22/2009
Primary Sponsor
George Amedore
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AI Summary
- Establishes a tax credit for employers with 100 or fewer employees who provide on-the-job training to employees
- Credit applies to training expenditures including instructional materials, software, equipment, payments to external trainers or consultors, and costs for dedicated training space
- Credit amount limited to $300 per employee per taxable year for which training is provided
- Unused credit can be carried over to following tax years if it exceeds the taxpayer's tax liability for that year
- Applies to taxable years beginning January 1st after the law's enactment; creates parallel provisions for both personal income tax (Section 210) and corporate tax (Section 606)
Legislative Description
An act to amend the tax law, in relation to establishing a credit for on-the-job training
Last Action
held for consideration in ways and means
7/1/2010
Committee Referrals
Ways and Means1/22/2009
Full Bill Text
No bill text available