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NY A00574
Bill
Status
Introduced
1/9/2013
Primary Sponsor
Michael Cusick
Click for details
AI Summary
- Establishes a $1,000 tax credit per retained worker for qualified employers hiring unemployed veterans in New York State
- Defines qualified individuals as veterans who began employment between January 1, 2013 and January 1, 2014, were unemployed for more than 40 hours in the 60 days prior, and were not hired as replacements
- Requires retained workers to be employed full-time (at least 35 hours weekly) for 52 consecutive weeks with wages in the final 26 weeks equal to at least 80% of wages in the first 26 weeks
- Applies the credit to personal income tax, corporate franchise tax, and other business tax types, with unused credits eligible for carryover to subsequent years
- Becomes effective 60 days after enactment and expires January 1, 2015
Legislative Description
Enacts the "hire veterans now act", which establishes a tax credit for employers who hire certain veterans for a period of one year.
Last Action
held for consideration in ways and means
6/17/2014
Committee Referrals
Ways and Means1/9/2013
Full Bill Text
No bill text available