Bill Text: NY S04762 | 2013-2014 | General Assembly | Amended

New York Senate Bill 4762 (Prior Session Legislation)

Bill Title: Reduces from 20 to 10, the number of hours of part-time work needed by employees for employer qualification for the New York youth works tax credit.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2013-12-18 - SIGNED CHAP.536 [S04762 Detail]

Download: New_York-2013-S04762-Amended.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        4762--A
                              2013-2014 Regular Sessions
                                   I N  S E N A T E
                                    April 23, 2013
                                      ___________
       Introduced  by  Sen.  DeFRANCISCO -- read twice and ordered printed, and
         when printed to be committed to the Committee on  Labor  --  committee
         discharged, bill amended, ordered reprinted as amended and recommitted
         to said committee
       AN  ACT  to  amend  the labor law, in relation to reducing the number of
         hours of part-time work needed by employees for employer qualification
         for the New York youth works tax credit
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1. Subdivision (c) of section 25-a of the labor law, as added
    2  by section 1 of part D of chapter 56 of the laws of 2011, is amended  to
    3  read as follows:
    4    (c)  A  qualified  employer shall be entitled to a tax credit equal to
    5  (1) five hundred dollars per month for up to six months for each  quali-
    6  fied  employee  the  employer  employs in a full-time job or two hundred
    7  fifty dollars per month for up to six months for each qualified employee
    8  the employer employs in a part-time job of at  least  twenty  hours  per
    9  week  OR  TEN  HOURS PER WEEK WHEN THE QUALIFIED EMPLOYEE IS ENROLLED IN
   10  HIGH SCHOOL FULL-TIME, and (2) one thousand dollars for  each  qualified
   11  employee  who  is  employed for at least an additional six months by the
   12  qualified employer in a full-time job or five hundred dollars  for  each
   13  qualified employee who is employed for at least an additional six months
   14  by  the  qualified  employer in a part-time job of at least twenty hours
   15  per week OR TEN HOURS PER WEEK WHEN THE QUALIFIED EMPLOYEE  IS  ENROLLED
   16  IN HIGH SCHOOL FULL-TIME. The tax credits shall be claimed by the quali-
   17  fied  employer  as  specified  in  subdivision forty-four of section two
   18  hundred ten and subsection (tt) of section six hundred six  of  the  tax
   19  law.
   20    S 2. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD10482-03-3