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NY A11367

Bill

Official Source

Status

Introduced

10/19/2018

Primary Sponsor

Nathalia Fernandez

Click for details

Origin

Assembly

2017-2018 General Assembly

AI Summary

  • Establishes a "Rehabilitation Opportunity Tax Credit" allowing small businesses to claim $1,500 per employee previously convicted of a crime (excluding violent felonies)
  • Credit applies only to businesses employing 50 or fewer employees
  • Employee must be hired during the taxable year and retained for full-time employment for at least one year to qualify
  • Amends tax law sections 210-B and 606 to implement the credit for applicable taxpayers
  • Takes effect immediately upon enactment

Legislative Description

Provides a tax credit for small businesses employing a person previously convicted of a crime other than a violent felony; provides a tax credit of one thousand five hundred dollars for each person employed.

Last Action

referred to ways and means

10/19/2018

Committee Referrals

Ways and Means10/19/2018

Full Bill Text

No bill text available