NY A08366

Creates a U-STEM mentor volunteer program to increase student participation in science, technology, engineering, and mathematics in large urban school districts serving high-poverty areas in grades 7-12.

Provides a tax credit for for-profit STEM businesses equal to 5% of combined annual salaries of participating employees, capped at $400,000 annually per business.

Provides a tax credit of $500 annually per employee for tax-exempt organizations (501(c)(3)) with participating employees in the program.

Requires participating employees to volunteer at least 180 hours annually through partnerships with school districts in cities with populations between 125,000 and 1 million, including five days per week mentoring in STEM classes for at least one school year.

Takes effect immediately and applies to taxable years beginning January 1, 2015, expiring January 1, 2018.