Bill Text: NY S02076 | 2017-2018 | General Assembly | Amended
Bill Title: Establishes a tax credit for employment of an individual who has successfully completed a judicial diversion substance abuse treatment program or graduated from drug court.
Spectrum: Partisan Bill (Republican 6-0)
Status: (Introduced - Dead) 2018-06-20 - COMMITTED TO RULES [S02076 Detail]
Download: New_York-2017-S02076-Amended.html
STATE OF NEW YORK ________________________________________________________________________ 2076--A 2017-2018 Regular Sessions IN SENATE January 12, 2017 ___________ Introduced by Sens. SEWARD, AKSHAR, AMEDORE, MURPHY, O'MARA, ORTT -- read twice and ordered printed, and when printed to be committed to the Committee on Investigations and Government Operations -- recommit- ted to the Committee on Investigations and Government Operations in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee AN ACT to amend the tax law, in relation to a tax credit for employment of an individual who has successfully completed a judicial diversion program or graduated from a drug court The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 210-B of the tax law is amended by adding a new 2 subdivision 53 to read as follows: 3 53. Credit for employment of individuals who have graduated from drug 4 court or have successfully completed a judicial diversion program. (a) 5 Allowance of credit. A taxpayer shall be allowed a credit, to be 6 computed as provided in this subdivision, against the tax imposed by 7 this article, if it employs an individual who has graduated from drug 8 court or has successfully completed a judicial diversion program pursu- 9 ant to article two hundred sixteen of the criminal procedure law, 10 provided that such individual is employed for thirty-five hours or more 11 per week and remains in the employ of such taxpayer for a minimum of 12 twelve months. 13 (b) Amount of credit. A credit authorized by this section shall equal 14 three thousand dollars per hired individual for the first year of 15 employment and an additional one thousand dollars if the individual 16 remains in employ for an additional twelve months. 17 (c) Application of credit. The credit allowed under this subdivision 18 for any taxable year shall not reduce the tax due for such year to less 19 than the amount prescribed in paragraph (d) of subdivision one of this EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD04785-03-8S. 2076--A 2 1 section. If, however, the amount of credits allowed under this subdivi- 2 sion for any taxable year reduces the tax to such amount, any amount of 3 credit thus not deductible in such taxable year shall be treated as an 4 overpayment of tax to be credited or refunded in accordance with the 5 provisions of section one thousand eighty-six of this chapter. Provided, 6 however, the provisions of subsection (c) of section one thousand eight- 7 y-eight of this chapter notwithstanding, no interest shall be paid ther- 8 eon. 9 § 2. Subparagraph (B) of paragraph 1 of subsection (i) of section 606 10 of the tax law is amended by adding a new clause (xliv) to read as 11 follows: 12 (xliv) Employment of individuals Amount of credit 13 who have graduated from under subdivision 14 drug court or have fifty-three of section 15 successfully completed two hundred ten-B 16 a judicial diversion program 17 tax credit under 18 subsection (ccc) 19 § 3. Section 606 of the tax law is amended by adding a new subsection 20 (ccc) to read as follows: 21 (ccc) Tax credit for employment of individuals who have graduated from 22 drug court or have successfully completed a judicial diversion program. 23 (1) Allowance of credit. A taxpayer shall be allowed a credit, to be 24 computed as provided in this subdivision, against the tax imposed by 25 this article, if it employs an individual who has graduated from drug 26 court or who has successfully completed a judicial diversion program 27 pursuant to article two hundred sixteen of the criminal procedure law, 28 provided that such individual is employed for thirty-five hours or more 29 per week and remains in the employ of such taxpayer for twelve months. 30 (2) Amount of credit. A credit authorized by this section shall equal 31 three thousand dollars per hired individual for the first year of 32 employment and an additional one thousand dollars if the individual 33 remains in employ for an additional twelve months. 34 (3) Application of credit. The credit allowed under this subsection 35 for any taxable year shall not reduce the tax due for such year to less 36 than the higher of the amount prescribed in paragraphs (c) and (d) of 37 subdivision one of section two hundred ten-B of this chapter. If, 38 however, the amount of credits allowed under this subdivision for any 39 taxable year reduces the tax to such amount, any amount of credit thus 40 not deductible in such taxable year shall be treated as an overpayment 41 of tax to be credited or refunded in accordance with the provisions of 42 section one thousand eighty-six of this chapter. Provided, however, the 43 provisions of subsection (c) of section one thousand eighty-eight of 44 this chapter notwithstanding, no interest shall be paid thereon. 45 § 4. This act shall take effect immediately and shall apply to taxable 46 years beginning on and after January 1, 2019 and shall apply to those 47 employees hired after this act shall take effect.
