Bill Text: NY S07353 | 2019-2020 | General Assembly | Introduced
Bill Title: Establishes a small business tax credit for salary and wages paid to employees for time spent at sexual harassment prevention training.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2020-03-03 - REPORTED AND COMMITTED TO FINANCE [S07353 Detail]
Download: New_York-2019-S07353-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 7353 IN SENATE January 21, 2020 ___________ Introduced by Sen. KAPLAN -- read twice and ordered printed, and when printed to be committed to the Committee on Budget and Revenue AN ACT to amend the tax law, in relation to establishing a small busi- ness tax credit for salary and wages paid to employees for time spent at sexual harassment prevention training 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 55 to read as follows: 3 55. Small business tax credit; sexual harassment prevention training. 4 (a) General. A taxpayer who has fifty employees or less, shall be 5 allowed a credit, to be computed as provided in this subdivision, 6 against the tax imposed by this article for salary and wages paid by 7 such taxpayer to its employees for time spent at sexual harassment 8 prevention training required pursuant to section two hundred one-g of 9 the labor law. Such credit shall be available on an annual basis and 10 shall only be made available on one sexual harassment training course 11 per year for each employee. 12 (b) Amount of credit. The amount of the credit authorized by this 13 subdivision shall be equal to fifty percent of the wages and salary 14 actually paid by the employer to each employee or fifty dollars per 15 employee, whichever is less. 16 (c) Carryovers. The credit allowed under this subdivision may be 17 claimed and if not fully used in the initial year for which the credit 18 is claimed may be carried over, in order, to each of the five succeeding 19 taxable years. The credit authorized by this subdivision may not be used 20 to reduce the tax liability of the credit claimant below zero. 21 § 2. Subparagraph (B) of paragraph 1 of subsection (i) of section 606 22 of the tax law is amended by adding a new clause (xlvi) to read as 23 follows: 24 (xlvi) Small business tax credit; Costs under subdivision 25 sexual harassment prevention fifty-five of section 26 training under subsection (kkk) two hundred ten-B EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD14342-04-0S. 7353 2 1 § 3. Section 606 of the tax law is amended by adding a new subsection 2 (kkk) to read as follows: 3 (kkk) (a) General. A taxpayer who has fifty employees or less, shall 4 be allowed a credit, to be computed as provided in this subsection, 5 against the tax imposed by this article for salary and wages paid by 6 such taxpayer to its employees for time spent at sexual harassment 7 prevention training required pursuant to section two hundred one-g of 8 the labor law. Such credit shall be available on an annual basis and 9 shall only be made available on one sexual harassment training course 10 per year for each employee. 11 (b) Amount of credit. The amount of the credit authorized by this 12 subsection shall be equal to fifty percent of the wages and salary actu- 13 ally paid by the employer to each employee or fifty dollars per employ- 14 ee, whichever is less. 15 (c) Carryovers. The credit allowed under this subsection may be 16 claimed and if not fully used in the initial year for which the credit 17 is claimed may be carried over, in order, to each of the five succeeding 18 taxable years. The credit authorized by this subsection may not be used 19 to reduce the tax liability of the credit claimant below zero. 20 § 4. This act shall take effect immediately and shall apply to taxable 21 years beginning on or after January 1, 2021.
