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NY A04294
Bill
Status
Introduced
1/30/2015
Primary Sponsor
Brian Kolb
Click for details
AI Summary
- Allows employers with 100 or fewer employees a tax credit for on-the-job training expenditures, capped at $300 per employee per taxable year
- Defines qualifying on-the-job training as work experience and training formalized in a written agreement outlining training components and outcomes
- Includes eligible expenditures for instructional materials, software, equipment, payments to external trainers or consultors, and classroom or dedicated training space rental
- Permits unused credits to carry over to subsequent taxable years for both corporate business tax (Article 9-A) and personal income tax purposes
- Takes effect immediately upon enactment and applies to taxable years beginning January 1 following the date the bill becomes law
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
6/15/2016
Committee Referrals
Ways and Means1/30/2015
Full Bill Text
No bill text available