Loading chat...
NY A01561
Bill
Status
Introduced
1/9/2013
Primary Sponsor
Brian Kolb
Click for details
AI Summary
- Establishes a tax credit for employers with 100 or fewer employees who provide on-the-job training to employees
- Credit amount equals actual on-the-job training expenditures, capped at $300 per employee per taxable year
- Eligible training expenditures include instructional materials, software, equipment, payments to external trainers or consultants, and costs for dedicated training space
- Unused credits may be carried forward to subsequent taxable years if they exceed the taxpayer's tax liability for the current year
- Applies to both corporate business taxes (Section 606) and personal income taxes (Section 210), effective for taxable years beginning after the law's 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
6/17/2014
Committee Referrals
Ways and Means1/9/2013
Full Bill Text
No bill text available