Bill Text: NY A04418 | 2017-2018 | General Assembly | Introduced

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Bill Title: Establishes high-tech worker-NY.

Spectrum: Partisan Bill (Republican 9-0)

Status: (Introduced - Dead) 2018-06-14 - held for consideration in ways and means [A04418 Detail]

Download: New_York-2017-A04418-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          4418
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                    February 2, 2017
                                       ___________
        Introduced  by  M.  of  A.  KOLB, OAKS, WALTER, PALMESANO, RAIA, HAWLEY,
          BARCLAY, KEARNS -- read once and referred to the Committee on Ways and
          Means
        AN ACT to amend the tax law, in relation to creating high-tech worker-NY
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  This  act  shall  be known and may be cited as "high-tech
     2  worker-NY".
     3    § 2. Subsection (c) of section 612 of the tax law is amended by adding
     4  a new paragraph 44 to read as follows:
     5    (44) For taxable years beginning on and after January first, two thou-
     6  sand seventeen, the income of a taxpayer, that has completed a high-tech
     7  program and has been hired to work in a high-tech job within one year of
     8  completing a high-tech program, up to fifty thousand dollars per taxable
     9  year for five consecutive years. A "high-tech program" will  be  defined
    10  by  the  commissioner of education, which may include any college, voca-
    11  tional, or certification program. A "high-tech job" will be  defined  by
    12  the commissioner of economic development.
    13    § 3. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD03356-01-7