Bill Text: NY A06512 | 2011-2012 | General Assembly | Introduced


Bill Title: 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.

Spectrum: Strong Partisan Bill (Republican 15-1)

Status: (Introduced - Dead) 2012-06-19 - held for consideration in ways and means [A06512 Detail]

Download: New_York-2011-A06512-Introduced.html
                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         6512
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                    March 21, 2011
                                      ___________
       Introduced  by  M. of A. KOLB, OAKS, McKEVITT, BARCLAY, CORWIN, CASTELLI
         -- Multi-Sponsored by -- M. of A.  AMEDORE,  CROUCH,  DUPREY,  GIGLIO,
         JORDAN,  P. LOPEZ,  MOLINARO,  SAYWARD,  SPANO, TOBACCO, WEISENBERG --
         read once and referred to the Committee on Ways and Means
       AN ACT to amend the tax law, in relation to establishing  a  credit  for
         on-the-job training
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Section 210 of the tax law  is  amended  by  adding  a  new
    2  subdivision 22-a to read as follows:
    3    22-A. CREDIT FOR ON-THE-JOB TRAINING. (A) GENERAL. A TAXPAYER, WHO HAS
    4  ONE HUNDRED EMPLOYEES OR LESS, SHALL BE ALLOWED A CREDIT, TO BE COMPUTED
    5  AS  HEREINAFTER  PROVIDED,  AGAINST THE TAX IMPOSED BY THIS ARTICLE, FOR
    6  PROVIDING ON-THE-JOB TRAINING TO AN EMPLOYEE.
    7    (B) ON-THE-JOB TRAINING.   ON-THE-JOB  TRAINING  SHALL  MEAN  TRAINING
    8  WHICH  IS SPECIFIED IN AN AGREEMENT BETWEEN THE GRANTEE AND THE EMPLOYER
    9  AND INCLUDES BOTH WORK EXPERIENCE AND TRAINING, FORMALIZED IN AN OUTLINE
   10  DEFINING EACH TRAINING COMPONENT AND OUTCOMES OF THE TRAINING PROCESS.
   11    (C) ON-THE-JOB TRAINING EXPENDITURES. ON-THE-JOB TRAINING EXPENDITURES
   12  SHALL INCLUDE EXPENDITURES FOR THE  PURCHASE  OF  EITHER  COMMERCIAL  OR
   13  CUSTOMIZED INSTRUCTIONAL MATERIALS INCLUDING SOFTWARE, TEXTS, MANUALS OR
   14  EQUIPMENT  THAT  CAN BE USED TO SIMULATE JOB TASKS; PAYMENTS TO CONSULT-
   15  ANTS, TRAINERS, OR INSTRUCTORS WHO ARE NOT EMPLOYEES OF  THE  FIRM;  AND
   16  COSTS  ASSOCIATED WITH THE USE, RENTAL, OR LEASE OF A CLASSROOM OR OTHER
   17  DEDICATED SPACE FOR THE TRAINING.
   18    (D) AMOUNT OF CREDIT. A CREDIT SHALL BE  ALLOWED  FOR  THE  AMOUNT  OF
   19  ON-THE-JOB  TRAINING EXPENDITURES INCURRED BY AN EMPLOYER. THE AMOUNT OF
   20  CREDIT SHALL NOT EXCEED THREE HUNDRED DOLLARS PER EMPLOYEE FOR WHOM SUCH
   21  TRAINING HAS BEEN PROVIDED DURING THE TAXABLE YEAR IN WHICH SUCH EXPEND-
   22  ITURES WERE MADE.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD05373-01-1
       A. 6512                             2
    1    (E) CARRYOVER. THE CREDIT ALLOWED UNDER THIS SUBDIVISION FOR ANY TAXA-
    2  BLE YEAR SHALL NOT REDUCE THE TAX DUE FOR SUCH YEAR  TO  LESS  THAN  THE
    3  HIGHER  OF  THE AMOUNTS PRESCRIBED IN PARAGRAPHS (C) AND (D) OF SUBDIVI-
    4  SION ONE OF THIS SECTION. PROVIDED, HOWEVER, IF  THE  AMOUNT  OF  CREDIT
    5  ALLOWABLE UNDER THIS SUBDIVISION FOR ANY TAXABLE YEAR REDUCES THE TAX TO
    6  SUCH  AMOUNT,  ANY  AMOUNT OF CREDIT NOT DEDUCTIBLE IN SUCH TAXABLE YEAR
    7  MAY BE CARRIED OVER TO THE FOLLOWING YEAR OR YEARS, AND MAY BE  DEDUCTED
    8  FROM THE TAXPAYER'S TAX FOR SUCH YEAR OR YEARS.
    9    S  2. Subparagraph (B) of paragraph 1 of subsection (i) of section 606
   10  of the tax law is amended by adding a new  clause  (xxxii)  to  read  as
   11  follows:
   12  (XXXII) CREDIT FOR ON-THE-JOB        COSTS UNDER SUBDIVISION
   13  TRAINING UNDER SUBSECTION (SS)       TWENTY-TWO-A OF
   14                                       SECTION TWO HUNDRED TEN
   15    S  3. Section 606 of the tax law is amended by adding a new subsection
   16  (ss) to read as follows:
   17    (SS) CREDIT FOR ON-THE-JOB TRAINING. (1) GENERAL.  A TAXPAYER, WHO HAS
   18  ONE HUNDRED EMPLOYEES OR LESS, SHALL BE ALLOWED A CREDIT, TO BE COMPUTED
   19  AS HEREINAFTER PROVIDED, AGAINST THE TAX IMPOSED BY  THIS  ARTICLE,  FOR
   20  PROVIDING ON-THE-JOB TRAINING TO AN EMPLOYEE.
   21    (2)  ON-THE-JOB  TRAINING.    ON-THE-JOB  TRAINING SHALL MEAN TRAINING
   22  WHICH IS SPECIFIED IN AN AGREEMENT BETWEEN THE GRANTEE AND THE  EMPLOYER
   23  AND INCLUDES BOTH WORK EXPERIENCE AND TRAINING, FORMALIZED IN AN OUTLINE
   24  DEFINING EACH TRAINING COMPONENT AND OUTCOMES OF THE TRAINING PROCESS.
   25    (3) ON-THE-JOB TRAINING EXPENDITURES. ON-THE-JOB TRAINING EXPENDITURES
   26  SHALL  INCLUDE  EXPENDITURES  FOR  THE  PURCHASE OF EITHER COMMERCIAL OR
   27  CUSTOMIZED INSTRUCTIONAL MATERIALS INCLUDING SOFTWARE, TEXTS, MANUALS OR
   28  EQUIPMENT THAT CAN BE USED TO SIMULATE JOB TASKS; PAYMENTS  TO  CONSULT-
   29  ANTS,  TRAINERS,  OR  INSTRUCTORS WHO ARE NOT EMPLOYEES OF THE FIRM; AND
   30  COSTS ASSOCIATED WITH THE USE, RENTAL, OR LEASE OF A CLASSROOM OR  OTHER
   31  DEDICATED SPACE FOR THE TRAINING.
   32    (4)  AMOUNT  OF  CREDIT.  A  CREDIT SHALL BE ALLOWED FOR THE AMOUNT OF
   33  ON-THE-JOB TRAINING EXPENDITURES INCURRED BY AN EMPLOYER. THE AMOUNT  OF
   34  CREDIT SHALL NOT EXCEED THREE HUNDRED DOLLARS PER EMPLOYEE FOR WHOM SUCH
   35  TRAINING HAS BEEN PROVIDED DURING THE TAXABLE YEAR IN WHICH SUCH EXPEND-
   36  ITURES WERE MADE.
   37    (5) CARRYOVER. IF THE AMOUNT OF CREDIT ALLOWABLE UNDER THIS SUBSECTION
   38  FOR  ANY TAXABLE YEAR SHALL EXCEED THE TAXPAYER'S TAX FOR SUCH TAX YEAR,
   39  THE EXCESS MAY BE CARRIED OVER TO THE FOLLOWING YEAR OR YEARS,  AND  MAY
   40  BE DEDUCTED FROM THE TAXPAYER'S TAX FOR SUCH YEAR OR YEARS.
   41    S 4. This act shall take effect immediately and shall apply to taxable
   42  years  beginning  on  and after the first of January next succeeding the
   43  date on which it shall have become a law.
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