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NY A06512
Bill
Status
Introduced
3/21/2011
Primary Sponsor
Brian Kolb
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AI Summary
- Establishes a tax credit for employers with 100 or fewer employees who provide on-the-job training to their workforce
- Credit amount equals actual on-the-job training expenditures, capped at $300 per employee per taxable year
- Eligible training expenditures include instructional materials (software, texts, manuals), payments to external trainers or consultants, and costs for classroom or dedicated training space
- Unused credits may be carried over to subsequent taxable years and applied against future tax liability
- Applies to both corporate business taxes (Tax Law Section 210) and personal income taxes (Tax Law Section 606) for taxable years beginning January 1st following enactment
Legislative Description
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.
Last Action
held for consideration in ways and means
6/19/2012
Committee Referrals
Ways and Means3/21/2011
Full Bill Text
No bill text available